M
SEHK: 0863
Change
Last
High
Low
Volume
HKD9.87
-0.03 (-0.30%)
9.87
9.88
9.66
43,000
EQS TodayIR | Last Updated: 17 Jan, 2022 03:10 pm
SEHK: 0863
Change
HKD9.87
-0.03 (-0.30%)
EQS TodayIR | Last Updated: 17 Jan, 2022 03:10 pm

Fidelity buys BC stake but SFC license is the prize

Why has Fidelity taken a stake in BC Group, the crypto holding company behind trading platform OSL?

Fidelity International, the London-based ex-North America arm of the Fidelity financial empire, has acquired a HK$1105 million ($14.2 million) stake in BC Technology Group.

The stake was taken during a January share placement by BC Group, which is listed on the Hong Kong Stock Exchange. Fidelity accounted for nearly half of a total of $36 million raised by BC. In the process, Fidelity ended up with a 5.6% stake in the company, buying 17 million shares at HK$6.5 per share.

Bloomberg broke the news on Friday, February 21.

Check out the link below for the full content: https://www.digfingroup.com/fidelity-osl/