Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    K Wave Media Boosts Bitcoin Reserves, Shares Surge 130%

    K Wave Media Plans Bitcoin Acquisition, Stock Surges 130%

    K Wave Media’s Stock Soars Amid Bitcoin Investment Plan

    K Wave Media to Acquire Bitcoin in New Strategy

    Michael Saylor Initiates Sale of Bitcoin-Themed Ties

    Trump’s Bill Sparks Bitcoin Enthusiasm Among Economists

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    SEC Delays Decision on Canary’s Litecoin ETF Proposal

    SEC Delays Decision on Canary Spot Litecoin ETF

    SEC Postpones Decision on Canary’s Litecoin ETF Proposal

    SEC Postpones Decision on Canary Spot SUI ETF

    Cardano CEO Meets Franklin Templeton on Blockchain Strategy

    Dogecoin’s Bearish Pattern Indicates Upcoming 15% Price Drop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

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

Adriana M. by Adriana M.
August 30, 2018
in Altcoin News, Latest News

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 of Huobi Group and controller of the two subsidiaries, now holds 66.26 % of Pantronics, making him the leading shareholder of the Chinese investment holding company.

The collaboration could offer Huobi the green light to enter a secondary financial space. According to the companies, the purchase was made at a price of HK $ 2.72 (or $ 0.35) per share, summing around $ 70 million.

As reported by media this month, the cryptocurrency exchange giant intended to acquire 73.73% of firm’s shares, costing it a total of $ 77 million. Due to several reasons, Pantronics Holdings announced on August 28th the contract amendment.

Asked by the media, a representative of Huobi Group has refused to provide more details on the grounds that there is no authorization to do this.

Huobi Capital is integrally owned by Li Lin

According to the company’s latest document, Huobi Capital is integrally owned by Li Lin, while Huobi Universal’s top three shareholders are Techwealth (58.44 %), Sequoia Capital IV CV (23.32 %) and Zhen Partners Fund I (7.46 %).

Following the announcement, the crypto exchange’s native token, Huobi Token, registered an 8% growth, according to CoinMarketCap.

Singaporean cryptocurrency exchange is not the first private business to submit for Initial Public Offering (IPOs) in Hong Kong. BTC miner makers Canaan Creative and Ebang have also looked after IPO.

Tags: crypto exchangeCryptocurrencyHuobihuobi tokenIPOshareholdertoken
Previous Post

The Reasons Why Index Funds Are Avoiding Premined Crypto Assets

Next Post

 Zuckerberg to Become the New Member of a Famous Crypto Exchange

Adriana M.

Adriana M.

Related Posts

SEC Delays Decision on Canary’s Litecoin ETF Proposal

by Solomon M.
June 5, 2025

SEC postpones decision on Canary's Litecoin ETF, market reacts with price shift.

SEC Delays Decision on Canary Spot Litecoin ETF

by Solomon M.
June 5, 2025

SEC delays decision on Canary Capital's spot Litecoin ETF as market reacts mildly.

SEC Postpones Decision on Canary’s Litecoin ETF Proposal

by Solomon M.
June 5, 2025

SEC delays Canary Capital's Litecoin ETF decision; crypto market reacts to regulatory uncertainty.

SEC Postpones Decision on Canary Spot SUI ETF

by Adriana M.
June 5, 2025

SEC delays ruling on Canary Capital's SUI ETF, impacting SUI and similar ETFs.

Cardano CEO Meets Franklin Templeton on Blockchain Strategy

by Joshua T.
June 5, 2025

Cardano CEO meets with Franklin Templeton, discussing blockchain expansion and Cardano node operations.

Dogecoin’s Bearish Pattern Indicates Upcoming 15% Price Drop

by Solomon M.
June 5, 2025

Dogecoin faces a predicted 15% drop due to bearish technical patterns, impacting market sentiment.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.