TechFlow News – According to official updates, on October 8, well-known virtual asset exchange Huobi Global announced that the parent company of its controlling shareholder has transferred all of its shares in Huobi Global to a fund under About Capital (also known as "Baiyu Capital"). As a result, the merger and acquisition fund under About Capital has become the largest shareholder and actual controller of Huobi Global. This transaction solely involves a change in controlling shareholder and will not impact the existing core management and operations team.
About Capital, headquartered in Hong Kong and founded in 2008, is a licensed fund management firm in Hong Kong. Its CEO, Mr. Ted Chen, was previously a founding partner of Jinglin Asset, a leading Chinese private equity fund. The deal has been approved by the Huobi board of directors and officially completed, with share ownership and business handover now formalized.
Leon Li, founder of Huobi, posted on social media: "Just now, we completed the share transfer and asset settlement for Huobi Global. This marks the fund under About Capital as the largest shareholder and actual controller of Huobi Global. I am no longer a shareholder of Huobi Global, nor do I directly or indirectly hold any authority over Huobi Global."
