ChainCatcher news, OSL Group (00863) announced that its wholly-owned subsidiary OSL Midaspay Limited signed a share acquisition agreement with Lau Shu Ming on May 30 to acquire 90% of the issued shares of Evergreen Crest Holdings Ltd for USD 15 million (approximately HKD 117 million).
The transaction will be completed through the issuance of cost shares, after which the target company will become an indirect subsidiary of the OSL Group. The target company is currently operating a digital asset exchange through its subsidiary and holds a futures brokerage license and a cryptocurrency dealer license in Indonesia. This acquisition will provide a strategic pathway for the OSL Group to enter the Indonesian digital asset market.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
OSL Group plans to acquire 90% of Evergreen Crest for 15 million USD, establishing a presence in the Indonesian crypto market.
ChainCatcher news, OSL Group (00863) announced that its wholly-owned subsidiary OSL Midaspay Limited signed a share acquisition agreement with Lau Shu Ming on May 30 to acquire 90% of the issued shares of Evergreen Crest Holdings Ltd for USD 15 million (approximately HKD 117 million). The transaction will be completed through the issuance of cost shares, after which the target company will become an indirect subsidiary of the OSL Group. The target company is currently operating a digital asset exchange through its subsidiary and holds a futures brokerage license and a cryptocurrency dealer license in Indonesia. This acquisition will provide a strategic pathway for the OSL Group to enter the Indonesian digital asset market.