Huobi May Open Office in Brazil

As reported, exchange is marketing its platform in the country, while attempting to hire regional staff
31 May 2018   452

The third largest exchange Huobi plans to open an office in Brazil's São Paulo. This is reported by CCN with reference to the local media Portal do Bitcoin.

According to a local source, the management of the Huobi exchange is looking for personnel for the new unit. Also, the publication reports that representatives of Huobi were seen during the talks "with well-known personalities of the Brazilian market." In addition, as part of the work on the forthcoming expansion of activities, the trading platform already uses the workspace from the famous WeWork coworking network.

Among other things, the Singapore-based exchange posted on the LinkedIn an application stating that Huobi needed a senior compliance officer who would oversee the company's operations, detect violations and illegal activities. Another announcement says that Huobi is looking for a candidate for the position of digital marketing manager.

Company has already started expanding to Canada as it sees it “emerging as a leading blockchain nation."

Huobi to Acquire Public Firm for $70M

Company took another step forward to enter the stock exchange through a reverse takeover procedure
30 August 2018   329

Huobi Global Limited completed the acquisition of Hong Kong's Pantronics Holdings Limited and took a step closer to enter the stock exchange through a reverse takeover procedure. This is stated in the joint statement of enterprises.

It is reported that the Huobi acquired about 199 million shares of the company through subsidiaries of Huobi Capital and Huobi Universal.

So, at the moment Huobi owns 66.26% of Pantronics Holdings. The average price of the share in the transaction was HK $ 2.72 ($ 0.35), and the total value of the stake is about $ 70 million.

Note that earlier Huobi was going to take over most of the shares of Pantronics Holdings. It was assumed that the chairman of Huobi Group Li Lin will become the owner of 73.73% stake in Pantronics.

Reverse takeover procedure assumes that a non-public company acquires a public company and automatically enters the stock exchange.

Earlier, the bitcoin-exchange Huobi Global announced the launch of a new platform designed for automatic listing of tokens.