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BC Technology Group Limited ( (HK:0863) ) has shared an announcement.
BC Technology Group Limited, through its indirect wholly-owned subsidiary, has entered into an agreement to acquire all shares of Banxa, a leading infrastructure provider in the crypto economy, for approximately CAD85.2 million. This acquisition aligns with BC Technology Group’s strategy to expand globally in the digital asset industry, enhancing its market position and operational capabilities. The transaction is considered a major one under the Listing Rules and requires shareholder approval, with no material interest from existing shareholders noted.
More about BC Technology Group Limited
Average Trading Volume: 2,443,058
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.96B
Find detailed analytics on 0863 stock on TipRanks’ Stock Analysis page.