Crypto cryptocurrencyexchange HuobiGlobal JustinSun Huobi Global founder sells his controlling stake to About Capital
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Once the transaction is complete, About Capital's buyout vehicle will control the majority stake in Huobi Global, according to a statement released by Huobi. The transfer will only involve the change of controlling shareholder and will have no impact on Huobi’s core operation and business management teams.
These initiatives are intended to help position Huobi Global to provide top-level trading and investment services to international investors. Amid speculation that Sun spearheaded the acquisition, the Tron founder denied that he participated in the sale, but has confirmed that he has been appointed as a member of the Global Advisory Board of Huobi Global to “work with industry, academic, and policy leaders to help guide and grow this innovative, vibrant, and resilient organization in its latest chapter of global expansion.”
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