BUZZ-HK digital asset platform OSL drops on discounted share sale

Reuters

07/25

** HK-based digital asset platform OSL Group 0863.HK slips 13% to HK$15.32, lowest since July 7

** Stock set for biggest one-day pct decline since November 8, 2024

** OSL has completed $300 mln of equity financing, the latest sign of feverish investor interest in cryptocurrencies

** Share placing price of HK$14.90 represents 15.34% discount to Thursday's close

** Proceeds will be used to support global initiatives, including stablecoin development, licensing efforts, build-out of digital payment network

** YTD, stock more than doubles, surging 101.3%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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