OSL Group plans to acquire all Banxa shares for approximately HKD 487 million

OSL Group announced that on June 27, 2025, the company, the buyer, and Banxa entered into an arrangement agreement to acquire all Banxa shares for a consideration of approximately CAD 85.2 million (approximately HKD 486.7 million). Banxa is a leading infrastructure provider that empowers businesses to seamlessly embed cryptocurrencies into their existing platforms and unleash new opportunities in the rapidly growing crypto economy. OSL Group stated that the proposed acquisition is in line with the group's business strategy for global expansion in the digital asset industry. After the completion of the proposed acquisition, Banxa will become a wholly-owned subsidiary of the buyer and an indirect wholly-owned subsidiary of the company. (Sina Finance)