PANews reported on November 4 that according to Zhitong Finance, OSL Group (00863), a Hong Kong-listed company, announced that on November 4, 2024, OSL Investment (Japan) Limited ("OSL Japan"), a wholly-owned subsidiary of the company, signed a share purchase agreement ("Share Purchase Agreement") with four independent third parties to acquire a controlling stake in Coin Best Co., Ltd. ("Target Company"), a crypto asset trading platform licensed by the Financial Services Agency of Japan. Pursuant to the agreement, OSL Japan agreed to acquire 81.38% of the shares of the Target Company from four independent third parties ("Acquisition"). The completion of the Acquisition is subject to the fulfillment of the preconditions in the Share Purchase Agreement and December 31, 2025 as the final closing date for delivery.
OSL Group plans to acquire 81.38% stake in Japan's licensed crypto asset trading platform
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