Huobi considers name change as it reportedly seeks a buyer

Please fol­low and like us:
Pin Share

Cryp­to exchange Huo­bi Global’s Hong Kong-list­ed par­ent, Huo­bi Tech­nol­o­gy Hold­ings, is propos­ing renam­ing the group to “New Huo Tech­nol­o­gy Hold­ings Lim­it­ed,” while it report­ed­ly seeks to sell a major­i­ty stake in the company.

See relat­ed arti­cle: Huo­bi-incu­bat­ed Chi­nese NFT plat­form iBox ends inter­na­tion­al operations 

Fast facts

  • Huo­bi Tech­nol­o­gy said a name change will “pro­vide the Com­pa­ny with a fresh cor­po­rate image and iden­ti­ty” while help­ing with devel­op­ing business.
  • Share­hold­ers will be asked to vote on the pro­posed name change in a meet­ing on Oct. 13.
  • In August, Huo­bi was report­ed­ly seek­ing to sell a 60% stake in the com­pa­ny that would val­ue the busi­ness at US$3 bil­lion. How­ev­er, the founders of FTX and Tron, spec­u­lat­ed as poten­tial buy­ers, denied mak­ing a bid.
  • Huo­bi did not respond to Forkast‘s request for a com­ment at the time of publication.

See relat­ed arti­cle: Huo­bi is third glob­al exchange to sign with S.Korea’s Busan

Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published.