Hong Kong stocks OSL Group plans to raise HKD 1.55 billion through a 17% discounted rights issue for strategic acquisitions, stablecoin business, and more

GateNewsBot

2026-01-29 07:58:29

ChainCatcher News, OSL Group (09618.HK) announced that on January 28 during the trading session, it will conduct a follow-on offering by selling approximately 104 million shares at HKD 14.9 per share, representing about 11.6% of the company’s enlarged issued share capital after the allotment and issuance of the new shares. The offering price is approximately 17.2% below the closing price of the shares on the last trading day. The estimated net proceeds are approximately HKD 1.55 billion.

As a result, the Hong Kong stock OSL Group’s share price dropped over 5% during trading today, currently at HKD 17.01.

It is reported that this is OSL Group’s second rights issue since raising HKD 2.355 billion in July 2025. The funds will still be focused on strategic acquisitions and global business expansion initiatives (payment services and stablecoin business).

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