HONG KONG LISTED COMPANY
Huobi‘s Acquisition of HongKong Listed Companies Basically Completed, Waiting for Regulatory Review On October 11th, Huobi and Tongcheng Holdings once again issued a joint announcement that as of 4 pm on October 10, the last two remaining shares have been completed. If there are no special circumstances, the supervision will respond to the change of the two parties’ equity within 15 days.
Hong Kong–Based Blockchain Fund Makes Its Case for Yen-Backed Stablecoin Grandshores Technology Group, a Hong Kong–listed investment holding company, is seeking to raise around $12.7 million through a digital token fund. Grandshores Technology plans to use the funding to launch a yen-backed stablecoin.
Huobi Group Acquires Hong Kong Main Board Listed Company The major shareholder of Tongcheng Holdings, a listed company of Hong Kong stocks, transferred 73.73% to Li Lin, chairman of the Huobi Group. After the transfer, the Huobi Group became the actual controller of Tongcheng Holdings. This acquisition is an important measure for the development of the Huobi Group in terms of standardization and internationalization.