OSL Group plans to raise approximately HK$2.355 billion through a share placement for strategic acquisitions, stablecoin operations, and other purposes
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OSL Group plans to raise approximately HK$2.355 billion through a share placement for strategic acquisitions, stablecoin operations, and other purposes
OSL Group announced on the Hong Kong Stock Exchange that, on 25 July 2025 (before trading hours), the Company entered into agreements for placing and subscription, general mandate subscription, and special mandate subscription. The total gross proceeds from the transactions under these agreements are estimated to be approximately HK$2.35503 billion, with net proceeds estimated at approximately HK$2.33610 billion.
Navigating Web3 tides with focused insightsTechFlow news, July 25 — According to a report by Jiemian News, OSL Group announced on the Hong Kong Stock Exchange that on July 25, 2025 (prior to trading hours), the company entered into agreements for placement and subscription, general authorization subscription, and special authorization subscription. The total gross proceeds from the transactions under these agreements are estimated to be approximately HK$2.35503 billion, with net proceeds estimated at approximately HK$2.33610 billion.
The placement price is HK$14.90 per placed share, representing a discount of approximately 15.34% compared to the closing price of the shares on the Hong Kong Stock Exchange on the last trading day. The company intends to use the net proceeds as follows: approximately 50% to support strategic acquisition initiatives; approximately 30% for the development of global operations and new business initiatives (including payment and stablecoin initiatives); and approximately 20% for general corporate purposes of the group.
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