Huobi Pro launches NEO and GAS

Huobi Pro exchange announced the launch of NEO coin and GAS token which helped the prices of the coins hold rising positions on the background of general fall of the market
27 December 2017   1222

Huobi Pro, a digital asset exchange for cryptocurrency traders and investors, have announced listing NEO and GAS on December 27. As it was stated in the announcement, NEO/BTC, GAS/BTC and GAS/ETH trading will be available at New Zone from 14:00, December 28, 2017.

During 2017/12/28 14:00 to 2017/12/31 14:00 (GMT+8), verified user who has NEO or GAS trading and ranks TOP100,000 can get ¥10–100 GAS rewards. If you both trade NEO and GAS, you will only be rewarded for once. 
 

Huobi Pro Statement

The withdrawals are stated to be available from 14:00 on December 29 of 2017.

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   394

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.