OSL Group plans to raise approximately HK$2.355 billion through rights issue for strategic acquisitions, stablecoin business, etc.

On July 25, OSL Group announced on the Hong Kong Stock Exchange that on July 25, 2025 (before the trading hours), the company had entered into a placing and subscription agreement, a general authorization subscription agreement and a special authorization subscription agreement. The total amount of proceeds from the transactions to be carried out under these agreements is estimated to be approximately HK$2.35503 billion, and the net proceeds are estimated to be approximately HK$2.33610 billion.

The placing price is HK$14.90 per placing share, which is a discount of approximately 15.34% to the closing price of the shares on the last trading day on the Stock Exchange.

The company intends to use the total net proceeds for the following matters:

Approximately 50% will be used to support the company's strategic acquisition initiatives;

Approximately 30% will be used for the development of global business and new business initiatives (including payment and stablecoin initiatives);

Approximately 20% will be used for the general corporate purposes of the group.