Huobi Buys Lion’s Share of Pantronics, Its Native Token Immediately Surges

  • Alex Dovbnya
    📰 News

    The Huobi exchange has reportedly bought almost 74 percent of Pantronics shares. The acquisition will allow Huobi to get involved in public trading without launching IPO


Huobi Buys Lion’s Share of Pantronics, Its Native Token Immediately Surges

The Huobi exchange has reportedly bought almost 74 percent of Pantronics shares. The acquisition of  
this Hong Kong-based electronic manufacturer will allow Huobi to get involved in public trading without actually launching its own IPO. Pantronics, after going public in 2016, stopped offering its shares last week due to the abovementioned deal.

According to the Chinese media, the transference of ownership has already occurred, but Huobi did not provide any comments so far, waiting for the HKSE approval.

This announcement provoked an eight percent spike in the Huobi Token (HT) price.

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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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