Huobi cryptocurrency exchange could become a public company in Hong Kong through the reverse takeover of electronics maker Pantronics Holdings Limited. This is evidenced by the application posted on the HKEX website.
Soon, the company, whose main shareholder is the Huobi Group, may change its name to Huobi Technology Holdings Limited.
The deal to buy 221 million ordinary shares last August cost Huobi $ 77 million. As a result, its share exceeded 73%.
At the same time, from October 1, HKEX will tighten the rules for reverse takeovers , which may affect the plans of the cryptocurrency exchange.
Recall that the mining companies Ebang, Caanan Creative and Bitmain refused to conduct an IPO on HKEX.
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