TechFlow, July 25 — According to a report by Jiemian News, OSL Group announced on the Hong Kong Stock Exchange that prior to trading hours on July 25, 2025, the company entered into share placement and subscription agreements, a general authorization subscription agreement, and a special authorization subscription agreement. The total 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 placing 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 last trading day on the Hong Kong Stock Exchange. 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.
