HK Stock Market Move | OSL GROUP (00863) rose by over 6% again, with the expected annual revenue increasing by nearly 80%. In the near future, it will acquire a licensed cryptocurrency asset trading platform in Japan.

OSL GROUP (00863) rises by over 6% again, with the stock price currently showing four consecutive increases, with a cumulative increase of over 22%. As of press time, it is up 5.64% at HK$8.8, with a turnover of HK$111.33 million. In terms of news, OSL GROUP announced that the group is expected to achieve revenue of approximately HK$337 million to HK$375 million for the fiscal year 2024, a year-on-year increase of approximately 60% to 79%. At the same time, the group expects a net profit of approximately HK$47 million to HK$52 million from its continuing operating business for the current year, achieving a turnaround from loss to profit. Furthermore, OSL GROUP recently announced the acquisition of the licensed cryptocurrency trading platform Coin Best Co., Ltd. in Japan. The prerequisites under the share purchase agreement have been met, and the acquisition was completed on January 17, 2025. Following the completion of the acquisition, Coin Best Co., Ltd. becomes an indirect subsidiary of the company. It is worth noting that OSL GROUP announced an acquisition in Europe and Italy in December of last year.