CSC Holdings Limited has announced the completion of a private round of financing involving the subscription of shares in ACCX Limited. Following a restructuring, the shareholding structure of the target company includes the Lead Investor, AccXTech Limited, a co-investor, and a share reserve for an employee share ownership plan. The consideration for the transaction was determined on an arm's length basis, taking into account the estimated working capital needs of the target company, which are approximately US$300,000 per month for a period of around 18 months. The transaction aligns with CSC Holdings' strategy to leverage its financial services experience and expand its presence in Southeast Asian financial markets.
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