Huobi's Li Lin refutes rumors of reverse takeover of Tongcheng Holdings: Reverse takeover will be difficult to manage
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According to Bitcoin News, Huobi previously acquired Tongcheng Holdings, an electronic equipment manufacturing listed company, for US$77 million. In response to media speculation that Huobi might conduct a reverse acquisition of Tongcheng Holdings so that Huobi could become a listed company without IPO approval, Huobi CEO Li Lin countered that if Huobi conducted a reverse acquisition, it would be difficult to manage because it would not be compliant in every country. |
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