HK Stock Market Move | OSL GROUP (00863) rose more than 3% in the final trading session, completing the acquisition of a licensed cryptocurrency trading platform in Japan to expand its global digital asset business.

OSL GROUP (00863) surged more than 3% at the close, rising by 2.96% to 7.64 Hong Kong dollars with a turnover of 7.2658 million Hong Kong dollars at the time of publication. In terms of news, OSL GROUP recently announced the acquisition of the licensed cryptocurrency trading platform Coin Best Kabushiki Kaisha in Japan. The preconditions under the share purchase agreement have been met and the acquisition was completed on January 17, 2025. After the completion of the acquisition, Coin Best Kabushiki Kaisha became an indirect subsidiary of the company. It is worth noting that OSL GROUP announced the acquisition of businesses in Europe and Italy in December last year. The company stated that it has been a market leader in regulated digital asset markets, providing services to investors in the Asia-Pacific region. As part of the group's expansion strategy, the acquisition is a key strategic investment for the group, aiming not only to enhance its market position in the Asia-Pacific region but also to enter the European market, marking a milestone in the group's global route map while maintaining high compliance standards.