1 year ago
BC Technology Group, the relation of Hong Kong’s publically listed crypto speech OSL, has raised $90 cardinal successful subscriptions for caller shares from BGX.
BC Technology Group, the relation of Hong Kong’s publically listed cryptocurrency speech OSL, has announced a important concern from manufacture steadfast BGX.
BC Technology entered into a concern with BGX, which agreed to subscribe for shares successful BC Technology for an concern of astir 710 cardinal Hong Kong dollars ($90.1 million), the firms said successful a associated announcement connected Nov. 14.
This strategical concern volition impact the subscription of caller shares nether a circumstantial mandate, taxable to support by shareholders, the announcement notes.
According to the firms, the concern marks a testament to OSL’s committedness to mounting caller standards successful integer plus security, compliance and technological innovation. As antecedently reported by Cointelegraph, OSL was one of the first crypto exchanges to get a Hong Kong crypto license in 2023.
Related: Bitget drops plans to question crypto licence successful Hong Kong
The BGX concern quality comes the time aft BC Technology halted trading OSL shares connected the Stock Exchange of Hong Kong. According to industry sources, an unconfirmed study implied that OSL was acquired by oregon received concern from Bitget, an speech that officially announced its departure from the Hong Kong marketplace connected Nov. 13.
OSL relation BC Technology has reportedly considered selling the OSL speech for $1 cardinal Hong Kong dollars, oregon $128 million.
Additional reporting by Zhiyuan Sun.
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