The World’s 3rd Largest Crypto Exchange Bought a Public Company

The world’s third largest cryptocurrency exchange by market capitalization, Huobi, became the leading shareholder of a Hong Kong-based public firm. Huobi Group has concluded an acquisition deal with Pantronics Holdings of 199 million shares. The operation was realized via its two subsidiaries – Huobi Capital and Huobi Universal. Following this deal, Li Lin, the chairman …