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

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Tue, 28/08/2018 - 14:25
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Huobi Buys Lion’s Share of Pantronics, Its Native Token Immediately Surges
Cover image via U.Today
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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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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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