Summary by Moomoo AI
CSC Holdings Limited ("CSC Holdings") issued a supplemental announcement on September 9, 2024, detailing the transaction of acquiring 26.80% of CITYSTATE SAVINGS BANK, INC. This acquisition involves the corporate sellers such as Eternal Plans, Inc., Aliw Broadcasting Corporation, AMB. Alc Holdings & Management Corporation, and Top Ventures Investments & Management Corporation. The announcement provides detailed information about the sellers and their ultimate beneficial owners, including the largest shareholder of Eternal Plans, D. Antoinette C. Jacinto, and the ultimate beneficial owner of ALC Realty, Jesus Wilfredo A. Cabangon. CSC Holdings confirmed that all sellers and their ultimate beneficial owners are independent third parties from CSC Holdings and its related parties. The board of directors of CSC Holdings includes non-executive director Dr. Ke Qinghui (Chairman), as well as other executive directors and independent non-executive directors.
