<div id="readability-page-1"><div><p>(MT Newswires) -- CSC Holdings (HKG:0235, SGX:C06) has completed the acquisition of a 26.3% stake in Philippines' Citystate Savings Bank (PSE:CSB), according to a Thursday Hong Kong bourse filing.</p><p> Hong Kong-listed shares of CSC surged over 17% in Friday's mid-day trade.</p><p> The deal closed after all conditions were met, including approval from the Bangko Sentral ng Pilipinas.</p><p> CSC purchased 43.4 million shares for about 736.7 million Philippine pesos, or roughly 16.99 Philippine pesos per share.</p><p>The investment marks its first step into Southeast Asia's financial services sector and aligns with its strategy to diversify into high-potential markets, the company said in the filing.</p></div></div>

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<p>CSC Holdings has acquired a 26.3% stake in Citystate Savings Bank, completing the deal after receiving necessary approvals. Following the acquisition, CSC's shares rose by over 17%. The company purchased 43.4 million shares for approximately 736.7 million Philippine pesos, marking its entry into Southeast Asia's financial services sector as part of its diversification strategy.</p>

CSC Completes Acquisition of 26% Stake in Citystate Savings Bank; CSC Shares Jump 17%