OSL Group Ltd. Completes HK$707.96 Million Private Placement with Subscription of 47.52 Million New Shares
Reuters
Oct 02
OSL Group Ltd. Completes HK$707.96 Million Private Placement with Subscription of 47.52 Million New Shares
OSL Group Ltd. has announced the successful completion of a connected transaction involving the private placement of 47,518,000 new shares under a specific mandate. The new shares were subscribed by Crown Research, a wholly-owned subsidiary of DeltaByte Holdings Limited, which is controlled by Mr. Liu. The subscription price was set at HK$14.90 per share, raising approximately HK$707.96 million in net proceeds after deducting relevant expenses. Following the completion of the transaction, the total number of issued shares in the company has increased, with public shareholders and existing stakeholders reflecting an updated shareholding structure. The company has indicated that further details on the use of proceeds are available in its circular.
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