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OSL Group Adjusts Acquisition Strategy Amid Lithuanian Regulatory Changes
Company Announcements

OSL Group Adjusts Acquisition Strategy Amid Lithuanian Regulatory Changes

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BC Technology Group Limited ( (HK:0863) ) has shared an announcement.

BC Technology Group Limited, through its subsidiary OSL Group Limited, is involved in the digital assets and blockchain platform business. The company is focused on expanding its operations across various regions including Lithuania, Hong Kong, and Canada. In a recent development, OSL Group Limited announced a revised transaction structure for its Europe Acquisition, which involves acquiring multiple subsidiaries. The completion of the acquisition of a Lithuanian subsidiary is delayed due to new regulatory requirements in Lithuania, but the company has amended its acquisition agreement to expedite the acquisition of other subsidiaries. This strategic adjustment aims to continue business development while adhering to regulatory compliance, reflecting the company’s adaptability and commitment to growth in the digital assets sector.

More about BC Technology Group Limited

YTD Price Performance: -7.25%

Average Trading Volume: 1,899,989

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$4.65B

For detailed information about 0863 stock, go to TipRanks’ Stock Analysis page.

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