BC Technology Group Limited, a leading digital asset and fintech firm listed on the Stock Exchange of Hong Kong (SEHK), issued a clarification announcement regarding unusual share price movements and misinformation circulating about the sale of its virtual asset trading platform, OSL.
On 17 October 2023, BC Technology Group observed a drastic dip in its share prices, plummeting close to HK$3, marking a daily decline of about 30%. The company swiftly responded with a public announcement stating the board had conducted reasonable inquiries concerning the abnormal price and trading volume fluctuations, finding no apparent reason for such market behavior.
A report surfaced on 16 October 2023 from Bloomberg, suggesting BC Technology Group was contemplating the sale of its cryptocurrency trading platform, OSL, with an alleged valuation of HK$1 billion (US$128 million). This news was based on anonymous insider sources claiming that…
