$OSL GROUP(00863.HK) Explain the matter of OSL Group placing 101 million shares through a top-up placing:
In Hong Kong, there is a type of share issuance called top-up placing. The major shareholders of a listed company first sell their own shares to investors, and then apply to the regulatory authorities to issue the same number of shares to the major shareholders at the same price.
The characteristic is one word: fast!
So OSL Group quickly raised over HKD 2 billion this time and significantly reduced its PB. It is estimated that other overvalued stablecoin concept stocks will follow suit. OSL is the second-largest stablecoin exchange in Hong Kong, accounting for 20% of the market share. HashKey is currently the largest virtual currency exchange in Hong Kong, accounting for 80% of the market trading volume.