OSL Completes Acquisition of Indonesian Crypto Firm in HK$117.5 Million Share Deal

MT Newswires Live

09/23

OSL Group (HKG:0863) said it completed the acquisition of a 90% stake in EvergreenCrest Holdings, which owns crypto and futures trading firms in Indonesia, according to a Hong Kong bourse filing on Monday.

The company issued over 9.26 million new shares to acquire the stake. The shares were issued at HK$12.68 each, valuing the deal at roughly HK$117.5 million.

The new shares represent about 1.24% of OSL's enlarged capital.

Shares of the crypto brokerage and exchange operator fell over 5% in midday trade Tuesday.

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