Hong Kong’s BC Technology Group Ltd. is exploring the sale of its crypto platform OSL, one of only two exchanges licensed under digital-asset rules the city introduced in June, people familiar with the matter said.
BC Technology has gauged interest in OSL from possible buyers such as industry players and funds, and a HK$1 billion ($128 million) valuation has been mooted, the people said, asking not to be identified discussing private information.
Shares of BC Technology slumped as much as 16.7% in early Tuesday trading in Hong Kong, the biggest decline since June 12, following the Bloomberg News report.
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