Huobi Global, which has been China’s top crypto exchange, has mentioned that its founder is now planning to sell his controlling stake to buyout firm About Capital Management (HK) Co.
Huobi has been altering itself ever since its exit from the home market after Beijing banned crypto.
At the current moment, the company is headed towards a takeover by an investment firm, About Capital.
According to the statement, after the completion of the transaction, the buyout vehicle of About Capital will control the majority stake of Houbi founder Leon Li.
The company announced today that the transaction has been completed and that the entire stake has been sold to About Capital.
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