OSL Group Plans to Raise Approximately HK$2.355 Billion through a Rights Issue for Strategic Acquisitions, Stablecoin Business, etc.
BlockBeats News, July 25th, OSL Group announced on the Hong Kong Stock Exchange that on July 25, 2025 (before the trading session), the company had entered into a placing and subscription agreement, a general mandate subscription agreement, and a specific mandate subscription agreement. The total estimated proceeds from the transactions under these agreements are approximately 23.5503 billion Hong Kong dollars, with an estimated net proceeds of approximately 23.3610 billion Hong Kong dollars. The placing price is HKD 14.90 per placing share, representing a discount of approximately 15.34% to the closing market price of the shares on the last trading day on the Stock Exchange of Hong Kong.
The company intends to use the total net proceeds for the following purposes: approximately 50% for supporting the company's strategic acquisition initiatives; approximately 30% for the development of global business and new business initiatives (including payment and stablecoin initiatives); and approximately 20% for the group's general corporate purposes.
You may also like

Morning News | Bitmine launches institutional Ethereum staking platform MAVAN; Franklin Templeton launches tokenized ETF; Morgan Stanley to issue and sponsor Bitcoin ETF

Kalshi early employees: Whoever controls the traffic controls the market

Tether signs contracts with four major audits, Circle's compliance moat collapses, stock price plummets by 20%

Proudly Introducing Aethir Claw: Your AI Agent, Our Infrastructure

Why Buying Gold Can Lead to Bankruptcy

If the US Treasury yield rises above 5%, will Bitcoin drop below $50,000?

Circle Plunges 20%: Crypto Earthquake Triggered by Draft Proposal

After the Smoke Clears: 5 Possible Endings to the Middle East Conflict

Stablecoin Yields Discontinued, Circle Plunges 20% in One Day

AI Wired into War Machine | Rewire News Nightly

Web3 is sick, but the cure is not AI

Why must Web3 projects be included in RootData?

Fluid Announces Updates on Resolv Hack Recovery and Compensation Plan
Key Takeaways Fluid has repaid approximately $70 million related to USR debts on the BNB and Plasma chains.…

Binance to Delist Key Spot Trading Pairs: What You Need to Know
Key Takeaways Binance is set to remove several spot trading pairs on March 27, 2026, at 11:00 AM…

Whale Activities in the Crypto Market: A Deep Dive into Recent Trends
Key Takeaways A significant whale deposit occurred 3 hours ago when 5.5 million USDT was moved to Binance…

Circle and Tether Freeze Iranian Exchange Wallex Wallet with $2.49M Assets on Hold
Key Takeaways Circle and Tether have frozen a significant amount of assets from an Iranian exchange called Wallex,…

James Wynn Engages in High-Leverage Bitcoin Short Position
Key Takeaways James Wynn recently opened a 40x leveraged short position on Bitcoin. His position involves 2.69 BTC,…

Major Whale Opens Significant 20x Leveraged Positions in ETH and BTC
Key Takeaways Whale 0x049b has executed large 20x leverage positions on 9,256 ETH and 282.47 BTC, totaling over…
