GIC invests S$93 mil in Hong Kong digital asset company BC Group

GIC invests S$93 mil in Hong Kong digital asset company BC Group
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SINGAPORE (June 11): Hong Kong-listed BC Technology Group, the parent company of crypto platform OSL, has placed 31.95 million new shares to GIC at an issue price of HK$17 (S$2.90) per share, amounting to gross proceeds of HK$543 million, or some S$93 million.

Post-completion, GIC will have a 7.62% stake in BC Group.

Net proceeds from the placement are expected to...(click on link for full story on theedgesingapore.com)