Fidelity Acquires Stake in Hong Kong Crypto Firm BC Group

2020-02-21

Fidelity International has acquired a HK$110.5 million ($14.2 million) stake in the operator of OSL, one of Asia’s biggest digital-asset platforms for professional investors.

The investment manager acquired 17 million shares of BC Technology Group Ltd. for an average price per share of HK$6.50 as of Feb. 12, according to a Hong Kong stock exchange filing. The acquisition makes Fidelity a substantial shareholder with a 5.6% position.

Check out the link below for the full content:https://www.bloomberg.com/news/articles/2020-02-21/fidelity-acquires-stake-in-hong-kong-crypto-firm-bc-group

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