MANILA, Philippines — Hong Kong-listed CS Capital Investment Pte. Ltd. has completed its acquisition of a minority stake in Citystate Savings Bank Inc.
The deal, valued at P735.9 million, is expected to enable the bank to expand its market reach and accelerate its digitalization efforts.
As a result of the acquisition, the Cabangon-led Citystate Savings Bank has allotted two seats on its board to representatives from CS Capital Investment.
https://business.inquirer.net/549415/citystate-savings-bank-reels-in-p-735m-from-cs-capital
