Huobi Global Crypto -Rosa has agreed to sell a controlling stake

Huobi Global Cryptocurrency Exchange has agreed to sell a control package of shares of the investment company ABOUT CAPATAL Management. The parties did not reveal the financial terms of the transaction.

“After the transaction is closed, the ABOUT CAPATAL will control the majority stake Huobi Global. The agreement provides only for the change of managing shareholder and does not affect the main activity of [company], ”the report said.

According to the press release (has at the https://gagarin.news/news/the-5-most-expensive-and-famous-nft-sales-of-the-second-half-of-2022/ disposal of FORKLOG), upon completion of the transaction, the platform implements a number of initiatives aimed at expanding the business and promoting the brand in the global market. In particular, the company plans to make “significant investments” in margin and reserve funds.

“We intend to continue the development and modernization of Huobi, among our plans to increase risky capital, the development of institutional business, as well as global branding projects,” said Capital Management CEO Ted Chen.

Recall that in August 2022, Bloomberg reported that the co-founder of Huobi Leon Lee is negotiating a 58% stake package when evaluating a company of $ 2-3 3 billion.

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