PANews reported on June 3 that according to Zhitong Finance, OSL Group (Hong Kong stock code 00863) intends to acquire 90% of Evergreen Crest Holdings Ltd for US$15 million and obtain its cryptocurrency and futures trading license in Indonesia. The transaction will be paid by issuing new shares, and the target company will become an indirect subsidiary of OSL after completion. This acquisition is expected to provide OSL with a compliant channel to quickly enter the Indonesian crypto market and expand emerging businesses such as real world assets (RWA) and payment finance (PayFi).