{"id":7788,"date":"2025-06-05T01:26:38","date_gmt":"2025-06-05T01:26:38","guid":{"rendered":"https:\/\/blockwind.news\/china\/?p=7788"},"modified":"2025-12-07T06:59:59","modified_gmt":"2025-12-07T06:59:59","slug":"hong-kong-based-osl-eyes-indonesia-market-with-15m-acquisition","status":"publish","type":"post","link":"https:\/\/blockwind.news\/china\/2025\/06\/05\/hong-kong-based-osl-eyes-indonesia-market-with-15m-acquisition\/","title":{"rendered":"Hong Kong-based OSL eyes Indonesia market with $15m acquisition"},"content":{"rendered":"\n<p>June 05, 2025<\/p>\n\n\n\n<p>By Our Correspondent<\/p>\n\n\n\n<p>In an effort to increase its footprint in Southeast Asia, Hong Kong-based OSL Group said Monday that it has reached an agreement to buy a 90% part in Evergreen Crest, the company that operates an Indonesian cryptocurrency exchange, for $15 million.<br><br>OSL claimed in a filing with the Hong Kong Stock Exchange that it has signed a share purchase agreement with its wholly owned subsidiary and that the acquisition will give it &#8220;immediate and strategic access to the Indonesian digital asset market.&#8221;<br><br>&#8220;Indonesia possesses key attributes conducive to growth in this sector, including a substantial and youthful demographic, robust economic growth fundamentals, and a rapidly increasing rate of cryptocurrency adoption,&#8221; OSL stated.<\/p>\n\n\n\n<p>According to the release, the acquisition also gives OSL access to regulatory licenses for trading bitcoin spot and derivatives in Indonesia via Evergreen Crest&#8217;s subsidiaries.<br><br>Subject to obtaining the required license permits, OSL intends to increase the range of services it offers in Indonesia, including payment finance and real estate assets.<br><br>OSL seems to have global expansion at the top of its agenda. OSL announced in February that it had successfully acquired CoinBest, a cryptocurrency exchange in Japan, and rebranded it as OSL Japan.<br><br>According to Yahoo Finance data, OSL&#8217;s stock has dropped 3.4% in Hong Kong so far on Tuesday, even though trading is still going on. In the last month, the stock price has increased by 11.6%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>June 05, 2025 By Our Correspondent In an effort to increase its footprint in Southeast Asia, Hong Kong-based OSL Group said Monday that it has reached an agreement to buy a 90% part in Evergreen Crest, the company that operates an Indonesian cryptocurrency exchange, for $15 million. OSL claimed in a filing with the Hong [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":7790,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-7788","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uncategorized"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hong Kong-based OSL eyes Indonesia market with $15m acquisition - Blockwind News<\/title>\n<meta name=\"description\" content=\"Hong Kong-based OSL eyes Indonesia market with $15m acquisition . 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