The BTCC's mining unit gave consent for the sale of 49% of its shares. This is reported by Coindesk.
The transaction amount is 147 million Hong Kong dollars (17 million US dollars) if its participants sign the final agreement. The potencial buyer is Value Convergence (VC) Holdings Limited.
The protocol of mutual understanding does not impose legal obligations on its participants, and the terms of the deal are subject to further discussion.
VC Group provides brokerage services in the securities sector and manages assets. The firm said that it aims to expand its presence in the fintech sector.
In January, it became known that BTCC was bought by the Hong Kong investment fund.