Summary by Futu AI
CSC Holdings Limited ("CSC Capital") issued a supplementary announcement on September 9, 2024, detailing the transaction for the acquisition of a 26.80% stake in CITYSTATE SAVINGS BANK, INC. The selling entities involved in this acquisition include Eternal Plans, Inc., Aliw Broadcasting Corporation, AMB. Alc Holdings & Management Corporation, and Top Ventures Investments & Management Corporation. The announcement provides detailed information on 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 Capital confirms that all sellers and their ultimate beneficial owners are independent third parties separate from CSC Capital and its affiliates. The board of directors of CSC Capital includes non-executive director Dr. Ke Qinghui (Chairman), as well as other executive directors and independent non-executive directors.