OSL Group, a Hong Kong-listed company, plans to raise HK$1.55 billion through a 17% discount share placement.

01/29 08:10

On January 29, OSL Group (09618.HK) announced that it plans to place approximately 104 million shares at HKD 14.9 per share on a post-trade basis on January 28, representing about 11.6% of the company's enlarged issued share capital after the placement and issuance of the subscription shares on a post-trade basis. The placement price represents a discount of approximately 17.2% to the closing price on the last trading day. The net proceeds are expected to be approximately HKD 1.55 billion.

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