CSC Holdings to buy stake in CS Bank of the Philippines for US$13 million

Quick Summary:

Hong Kong-listed CSC Holdings, chaired by former Hang Seng Bank CEO Raymond Or Ching-fai, will buy a stake in CS Bank of the Philippines for US$13 million.

CSC, which is engaged in securities and bond investments, loan financing and has a securities brokerage, said the Philippines has a low penetration of banking services and a young population.

CS Bank was established in 1997 and it operates 34 branches or offices in the Philippines.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Aileen Chuang

Category: Business

Markets: Hong KongPhilippines

Topics: Bank Savings Thrift Services Financial Purchase Philippines Management Value Hong Holdings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-02 @ 15:23:03 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 453 words

Reading Time: 3 minutes read

Sentences: 5 lines

Sentence Length: 91 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22328939

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 14 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 44 minutes ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions