CSC Holdings Ltd. Acquires 26.3% Stake in Citystate Savings Bank, Marking Strategic Entry into Southeast Asian Financial Markets

Reuters
Sep 25
CSC Holdings Ltd. Acquires 26.3% Stake in Citystate Savings Bank, Marking Strategic Entry into Southeast Asian Financial Markets

**CSC Holdings Ltd. Acquires 26.3% Stake in Citystate Savings Bank, Inc.** Hong Kong-based CSC Holdings Limited has announced the completion of its acquisition of approximately 26.3% of all issued and outstanding capital stock in Citystate Savings Bank, Inc., a licensed and listed bank in the Philippines. The transaction was finalized on September 25, 2025, after all closing conditions were satisfied or mutually waived. This strategic investment marks CSC Holdings' entry into the Southeast Asian financial sector and aligns with the company's broader strategy to diversify its business into new geographic markets. The move is expected to enhance shareholder value and expand the company's presence in the region's growing financial services industry.

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