Fidelity International, a spin-off from the U.S. financial services giant Fidelity Investments, has invested $14 million in the Hong Kong-based operator of crypto exchange OSL.
According to public disclosures on Feb. 21, Fidelity International has purchased 17 million shares of OSL owner BC Group at a price of HK$6.50 (US$0.83) per share, which brings it a 5.6 percent stake in the firm.
The investment is part of a $36 million share placement that Hong Kong Stock Exchange-listed BC Group announced last month. While the transaction was completed Feb. 12, the names of the investors were not disclosed until today.
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