Cryptocurrency exchange Huobi Global said its founder had agreed to sell his controlling stake in the China-based company to buyout firm About Capital Management(HK) Co.
Upon completion of the transaction,the buyout vehicle of About Capital will control the majority stake of Huobi founder Leon Li,Huobi said in a statement on Friday.
The transaction involves only the change of controlling shareholder and has no impact on Huobi’s core operation and business management teamthe company said.