HK digital asset platform OSL drops on discounted share sale
25/07/2025 03:23
** 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))
Recent news on OSL
See all newsBrief: OSL Group Sees Net Loss For 1H2026 Ranging From Hk$800 Million To Hk$900 Million
Brief: Osl Group Says Wong Kwun Man Appointed As Executive Director
Brief: Osl Group FY Adjusted Non-IFRS Income Hk$534.1 Million
Brief: OSL Says Substantial Shareholder Increases Shareholding By 25.5 Mln Shares At Hk$13 Per Share
Hong Kong-listed OSL falls most in 3-1/2 months on discounted share sale