OSL Group: Plans to acquire all Banxa shares for approximately HK$486.7 million

币界网报道:[OSL Group: Plans to acquire all Banxa shares for approximately HK$486.7 million] According to a report by CoinWorld, OSL Group (0863.HK) announced that on June 27, 2025, the Company, the Buyer and Banxa entered into an arrangement agreement in accordance with the provisions of the BCBCA regarding the proposed acquisition of all Banxa shares (including Banxa shares to be issued due to the conversion of Banxa convertible notes that have not expired immediately before the effective time) by the Company (through its indirect wholly-owned subsidiary, the Buyer) pursuant to the Arrangement Plan. The maximum consideration for the proposed acquisition is approximately CAD$85.2 million (approximately HK$486.7 million), including the consideration payable to Banxa options and Banxa warrant holders at the effective time. Banxa is incorporated in British Columbia, Canada and listed on the Toronto Stock Exchange Venture Exchange. It is a leading infrastructure provider that enables enterprises to seamlessly embed cryptocurrencies into their existing platforms and unlock new opportunities in the rapidly developing crypto economy to facilitate the buying and selling of digital assets. Banxa has been in the cryptocurrency industry for over 10 years and holds multiple licenses and registrations in different parts of the world, with 45 licenses worldwide and serving over 150 countries. OSL Group said that Banxa's proposed acquisition is in line with the group's business strategy of global expansion in the digital asset industry (the industry in which the group currently operates). Upon completion of the proposed acquisition, Banxa will become a wholly-owned subsidiary of the buyer and an indirect wholly-owned subsidiary of the company.

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