"OSL Expands into Southeast Asia with Acquisition of Indonesian Crypto Exchange Koinsayang"

"OSL Group Limited, a Hong Kong-based digital asset leader, acquired a 90% stake in EvergreenCrest Holdings Ltd., the parent company of Indonesian crypto exchange Koinsayang, for approximately US$15 million. This strategic move marks OSL's expansion into the Southeast Asian digital assets market, aligning with its global growth strategy. The transaction was supported by Eversheds Sutherland's Hong Kong corporate team, showcasing their expertise in cross-border acquisitions within the digital assets sector."

Eversheds Sutherland's Hong Kong corporate team advised OSL Group Limited (“OSL”) on its acquisition of a majority interest in EvergreenCrest Holdings Ltd. (“EvergreenCrest”), while EvergreenCrest owns and operates Koinsayang, a licensed digital assets exchange in Indonesia. The transaction involved OSL acquiring 90% of the total issued shares in EvergreenCrest for approximately US$15 million (equivalent to approximately HK$117 million), which was satisfied through the allotment and issuance of 9,266,168 consideration shares by OSL. The deal was signed on 30 May 2025 and closed on 22 September 2025, marking OSL's strategic expansion into the Southeast Asian digital assets market. The transaction was co-led by Dickson Ng, Partner and Head of Corporate, Hong Kong, and Senior Consultant Stephen Mok. They were supported by Senior Associate Alvin So and Associate Katrina Shum, all from Eversheds Sutherland's corporate team in Hong Kong.

"OSL Expands into Southeast Asia with Acquisition of Indonesian Crypto Exchange Koinsayang"

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