Moonforum-banner-New-Nov

Author Topic: Huobi Is Seeking to Acquire a Public Firm in $77 Million Deal  (Read 416 times)

Offline CryptoWorld

  • Forum Promoter
  • Sr Hero
  • *****
  • Karma Associate
  • *****
  • Staff - moderator
  • ***
  • Posts: 439
  • Karma: 4
  • Do Something or Nothing
  • Referrals: 8
Huobi Is Seeking to Acquire a Public Firm in $77 Million Deal
« on: September 02, 2018, 06:07:28 AM »
The cryptocurrency exchange Huobi is looking to become the largest shareholder of the public company Pantronics Holdings, based in Hong Kong. According to shareholding disclosures filed by Pantronics Holdings on the 21st of August to the Hong Kong Stock Exchange, the company is transferring more than 221 million of its ordinary shares to Li Lin, the chairman of Huobi Group. With the disclosed amount, Li is positioned to be the owner of 73.73% of Pantronics, as the largest substantial shareholder. The transaction is being priced at HK$2.72 (or $0.35) on average per share with a total amount nearing $77 million.

https://www.coindesk.com/crypto-exchange-huobi-is-seeking-to-acquire-public-firm-in-77-million-deal/

 

Donate to CTW Forum