OSL exchange’s HK$1 billion sale is “factually inaccurate,” says BC Technology

Hong Kong-based BC Technology Group Limited, the parent company of the OSL digital asset platform, has dismissed reports of a potential sale of the exchange for HK$1 billion (US$128 million).

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Fast Fact

• On Monday, Bloomberg reported that BC Technology is considering the sale of OSL, citing “people familiar with the matter.”
• “The Board wishes to clarify that the contents and statements in the Article are factually inaccurate and highly misleading,” BC Technology said in a statement on Tuesday.

• BC Technology’s shares on the Hong Kong Exchanges and Clearing Market closed Tuesday down 22%.

• OSL is one of the only two digital assets exchanges licensed under Hong Kong’s new rules that came into effect in June, which allows licensed trading platforms to offer services to retail investors.

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