tiprankstipranks
Trending News
More News >

BC Technology Group to Acquire Crypto Infrastructure Leader Banxa

Story Highlights
BC Technology Group to Acquire Crypto Infrastructure Leader Banxa

Don’t Miss TipRanks’ Half-Year Sale

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1