HKEX: OSL Group Plans Discount Share Issue to Raise HKD 1.55 Billion, Shares Drop

OSL Group Announces Discount Share Issue Plan

OSL Group (stock code: 09618.HK) recently announced its plan to issue approximately 104 million shares through a placing transaction at a price of HKD 14.9 per share, representing a discount of about 17.2% compared to the closing price on the last trading day. The company expects to raise approximately HKD 1.55 billion net proceeds from this share issue.

Market Reaction and Share Price Movement

Following the announcement, OSL Group's share price dropped over 5% during trading. As of the latest report, the share price was trading at HKD 17.01.

Fund Utilization and Strategic Objectives

This marks another significant fundraising effort since the previous capital raise of HKD 2.355 billion in July 2025. The proceeds will be used to support the company's strategic acquisitions and global business expansion, particularly in the areas of payment services and stablecoin operations.