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

According to Interface News reported by Foresight News, OSL Group has entered into placement and subscription agreements, general mandate subscription agreements, and special mandate subscription agreements on July 25, 2025 (before trading hours). The total estimated proceeds from these transactions are approximately HK$2.35503 billion, with net proceeds estimated at approximately HK$2.336 billion. The placement price is HK$14.90 per placement share, representing a discount of approximately 15.34% to the closing price quoted on the Stock Exchange on the last trading day. The company intends to use the net proceeds as follows: approximately 50% for supporting strategic acquisition initiatives; approximately 30% for developing global and new business initiatives (including payment and stablecoin initiatives); and approximately 20% for general corporate purposes of the group.