According to online reports, OSL Group (00863) announced that its wholly-owned subsidiary OSL Midaspay Limited signed a share purchase agreement with Lau Shu Ming on May 30 to acquire 90% of the total issued shares of Evergreen Crest Holdings Ltd. for US$15 million (approximately HK$117 million). The transaction will be paid through the issuance of consideration shares, and upon completion the target company will become an indirect subsidiary of OSL Group. The target company is currently operating a digital asset exchange through its subsidiaries and holds an Indonesian futures broker license and a cryptocurrency trader license. This acquisition will provide OSL Group with a strategic channel to enter the Indonesian digital asset market.