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Maroc Maroc - BUSINESSMIRROR.COM.PH - A La Une - 12/Sep 16:02

CSBI minority shareholders enter into share purchase deal with CSC Holdings

Certain minority shareholders of Citystate Savings Bank, Inc. (CSBI), a publicly listed thrift bank in the Philippine Stock Exchange, have entered into a Share Purchase Agreement with CS Capital Investment Pte. Ltd., a subsidiary of Hong Kong-listed CSC Holdings Ltd. (CSC). This strategic partnership marks the sale of a 26.80 percent stake in CSBI, valued at approximately P736 million.

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