TechFlow news: Hong Kong-based virtual asset exchange platform OSL's parent company, BC Technology Group, has formally approved the strategic investment by BGXGroup Holding Limited through a shareholder vote.
Under the agreement, BGXGroup will subscribe for 187,600,000 new shares at HK$3.80 per share.
In addition, BC Technology Group has received approval to change its name, with the English name becoming "OSL Group Limited" and the Chinese name becoming "OSL 集团有限公司".
Previously, BC Technology Group, the parent company of Hong Kong-licensed virtual asset exchange OSL, announced a strategic investment from cryptocurrency group BGX amounting to approximately HK$710 million. Leung Hoi Wing acquired a 6.5% stake in BC Technology for nearly HK$249 million, becoming the third-largest shareholder.
