OSL Group plans to raise approximately HKD 2.355 billion through a rights issue, which will be used for strategic acquisitions, stablecoin business, and other purposes

According to Interface News, on the morning of July 25th, OSL Group announced on the Hong Kong Stock Exchange that on July 25th, 2025 (before trading hours), the company had entered into placement and subscription agreements, general authorization subscription agreements, and special authorization subscription agreements. The total amount of proceeds from the proposed transactions under these agreements is estimated to be approximately HKD 2.35503 billion, and the net proceeds are estimated to be approximately HKD 2.3361 billion. The placement price is HKD 14.90 per share, representing a discount of approximately 15.34% compared to the closing price of the shares as reported on the Stock Exchange on the last trading day. The company intends to use approximately 50% of the net proceeds to support the company's strategic acquisition initiatives; About 30% is used for the development of global business and new business initiatives (including payment and stablecoin initiatives); About 20% is used for general corporate purposes of the group.