OKCoin Founder Buys Controlling Share in Hong Kong-Listed Firm in $60+ Mln Deal
Cointelegraph
Published Jan 24, 2019 10:27
Updated Jan 24, 2019 11:05
Star Xu, founder of exchange services provider OKCoin and the world’s second-largest crypto exchange OKEx, has bought a controlling share in a Hong Kong Stock Exchange-listed firm for around $60 million. The deal was disclosed by the acquired firm, LEAP Holdings Group, on Jan. 23.
Following the deal’s completion on Jan. 14., OKCoin’s parent firm OKC Holdings Corp. became the controlling shareholder in LEAP Holdings — a Caymans Island-incorporated construction engineering firm, which is listed on the Hong Kong Stock Exchange (HKEX).
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Written By: Cointelegraph
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