OSL owner denies reports of selling crypto business in Hong Kong
BC Technology says statements in Bloomberg’s article are ‘factually inaccurate and highly misleading.’ Hong Kong’s BC Technology Group Ltd. has denied recent reports saying that the company is exploring the sale of its licensed crypto platform OSL. In a recent Hong Kong stock exchange filing, the firm said that the “contents and statements” made in Bloomberg’s article are “factually inaccurate and highly misleading,” the South China Morning Post reports . In the article that surfaced on Oct. 16, Bloomberg said, referring to people familiar with the matter, that BC Technology Group had “gauged interest” in OSL from buyers at a HK$1 billion ($128 million) valuation. After the news broke, BC Technology’s shares dropped by over 34% to HK$2.8, according to data from Google Finance. You might also like: Russians and Ukrainians turn to Hong Kong to store money in crypto The news came amid reports that two ...