TechFlow, June 3 — According to Zhitong Caijing, OSL Group (00863) announced that its wholly-owned subsidiary, OSL Midaspay Limited, entered into a share purchase agreement with Lau Shu Ming on May 30 to acquire 90% of the issued shares of Evergreen Crest Holdings Ltd for USD 15 million (approximately HKD 117 million). The consideration will be settled through the issuance of payment shares, and upon completion, the target company will become an indirect subsidiary of OSL Group.
The target company currently operates a digital asset exchange through its subsidiaries and holds an Indonesian futures brokerage license as well as a cryptocurrency dealer license. This acquisition will provide OSL Group with a strategic entry into Indonesia's digital asset market.
