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OSL GROUP Spikes 7%+ amid Purported Inclusion in First Batch of Stablecoin Issuer Licenses w/ HSBC & Stanchart
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Hong Kong's first batch of stablecoin issuer licenses may be announced as early as next week or earlier, with three companies shortlisted, namely Standard Chartered, HSBC, and OSL GROUP (00863.HK), according to Sing Tao Daily. A spokesperson for the Hong Kong Monetary Authority (HKMA) stated that they do not comment on market rumors. OSL's stock price opened higher this morning (12th), up 14.45% to an intraday peak of HKD14.89. With initial gains narrowed, it last traded at HKD13.94, up 7.15%, with a trading volume of 1.2115 million shares, involving HKD17.0018 million. The shortlist is reportedly subject to change, as note-issuing banks are under strict regulation. It is believed that the final license list will likely be dominated by banks. Originally, RD Technologies founded by former HKMA Chief Executive Norman Chan, and digital payment service provider LIANLIAN (02598.HK) were also included in the list. AASTOCKS Financial News Website: www.aastocks.com |
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