CEO of the Chinese bitcoin exchange OKCoin Star Xu has become the largest shareholder of LEAP Holdings Group, which is listed on the Hong Kong Stock Exchange (HKEX). The deal amounted to $ 60 million, according to a press release from HKEX.
OKC Holdings Corp, the company controlling OKCoin, acquired 3.2 billion shares at HK 0.15 per share, controlling 60.49%.
In turn, Star Xu owns 52.32% of OKC Holdings Corp through StarXu Capital and OKEM Services Company.
Gan Ma through Vlab Capital (5.08%), Bo Feng through Golden Status Ventures (9.86%) and Jing Shi (13%) also have a stake in OKC Holdings Corp.
OKCoin reported on intension to acquire LEAP Holdings for HKEX listing in mid-January.
Earlier, the Korean exchange Bithumb announced its intention to become a public company in the US jurisdiction, absorbing Blockchain Industries.