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I just saw some interesting news, the shareholder meeting of BC Technology Group approved a HKD 710 million subscription agreement with BGX.
This investment is quite substantial, with BGX subscribing to 187.6 million shares at HKD 3.80 per share, and they will become the third-largest shareholder.
More importantly, BC Technology Group is preparing to change its name to OSL Group, which probably aims to focus more on virtual asset trading business.
I heard that Leung Hong Wing represented BGX to invest nearly HKD 249 million to acquire a 6.5% stake in BC Technology, and now with such a large subscription, it seems BGX still has a strong interest in BC Technology Group.
With the background of a licensed trading platform in Hong Kong, plus this round of financing, it feels like OSL Group is gearing up for some major moves.