Crypto Exchange Huobi Acquires Controlling Share In HKEX-listed Electronics Manufacturer

Investing, News | August 28, 2018 By:

Crypto exchange Huobi has reportedly bought a 73.73% stake in Hong Kong-based Pantronics Holdings through a backdoor listing deal.

A back door listing, referred to as a reverse takeover or reverse initial public offering (IPO), occurs when a privately held company that may not qualify for the public offering process purchases a publicly traded company.