Houbi Global’s controlling shareholder to sell all shares About Capital
As a multi-stakeholder, About Capital intends to facilitate Huobi’s international brand promotion and business expansion, among other initiatives.
Cryptocurrency exchange Huobi Global has announced that Hong Kong-based asset management firm About Capital Management (Hong Kong) Ltd. has become the exchange’s controlling shareholder following a successful takeover transaction.
The deal, for an undisclosed amount, sees About Capital listed as Houbi’s new controlling shareholder, but the exchange said its core operations and business management teams would not be affected by the transition.
As a key stakeholder, About Capital intends to facilitate Huobi’s international brand promotion and business expansion initiatives, adding:
“The successful implementation of the initiative will enable Huobi Global to provide international investors with first-class trading and investment services.”
Capitals also unveiled plans to establish a global strategic advisory board “led by key industry figures”, among other initiatives such as the establishment of margin and risk offering funds and measures to strengthen the exchange’s competitiveness. did.
Earlier in August, Sam Bankman-Fried, CEO of crypto exchange FTX, denied a Bloomberg report that FTX was planning to acquire Huobi. Huobi concluded its announcement by emphasizing its withdrawal from China.
Related: Huobi Delists Monero And Other Privacy Coins Over Regulatory Pressure
On September 14th, Huobi Global became the third major cryptocurrency exchange to sign a blockchain ecosystem development agreement with the city of Busan, South Korea.
According to Huobi’s official announcement, the partnership will see the company provide R&D, technology, and financial support to Busan Digital Currency Exchange. In addition, Huobi will also help identify and recruit blockchain talent for local exchanges in Busan.
Houbi Global’s controlling shareholder to sell all shares About Capital
Source link Houbi Global’s controlling shareholder to sell all shares About Capital
