Overview
- OSL Group raised HK$2.36 billion ($300 million) through existing share sales, top-up subscriptions and new share issuance at a 15.3% discount to Friday’s closing price.
- Shares opened down more than 10% on July 25 as investors weighed dilution concerns from the discounted placement.
- The equity proceeds are earmarked for global stablecoin infrastructure, compliant payment rails and securing additional digital-asset licenses.
- Hong Kong’s new stablecoin regulations take effect August 1 after the HKMA chief warned of excessive market speculation.
- Since converting to a pure digital-asset company last year, OSL has secured an Australian exchange license and expanded through acquisitions in Japan and Europe.