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Huobi Global And About Capital Seal Acquisition Deal
Summary: Huobi Global, one of Asia’s biggest crypto exchanges, said on Friday that it has agreed to be purchased by About Capital Management, a Hong Kong-based investment company. In a blog post, Huobi said About will control the majority of the company stake; trading operations will remain unaffected by the transfer in ownership. The news comes ...
Huobi Global, one of Asia’s biggest crypto exchanges, said on Friday that it has agreed to be purchased by About Capital Management, a Hong Kong-based investment company.
In a blog post, Huobi said About will control the majority of the company stake; trading operations will remain unaffected by the transfer in ownership.
The news comes after months of speculation that Huobi founder Leon Li was looking to sell his 60% stake at a price of at least $1 billion.
The new ownership is a significant advancement for Huobi, who has intents of globalizing.
Author: Tris Bell
Tags: About Capital Management,Huobi Global
Link: Huobi Global And About Capital Seal Acquisition Deal [Copy]
