💰 OKCoin founder Star Xu seeks to acquire public firm for $60 Million
Star Xu, founder of cryptocurrency exchange OKCoin, is seeking to acquire engineering firm LEAP Holdings Group Ltd. in what could be a possible back-door way to list on the Hong Kong Stock Exchange. Cryptocurrency exchange Huobi pulled a similar move last August, purchasing Pantronics Holdings. Most cryptocurrency exchanges are tied down in the process to become listed on the exchange which requires several steps such as declaring an IPO.
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