Home / Crypto News / Japanese corporation of Huobi (Fobi) acquired domestic exchange BitTrade (bit trade)

Japanese corporation of Huobi (Fobi) acquired domestic exchange BitTrade (bit trade)

Japanese corporation of Huobi (Fobi) acquired domestic exchange BitTrade (bit trade)

The domestic cryptocurrency exchange BitTrade (Bit Trade) announced that the shareholders have transferred to Huobi Japan.

At the extraordinary general meeting of Bitrade’s shareholders meeting held on September 12, 2018, the transfer of shares was approved and it became a new management system.

BitTrade completed registration as a cryptocurrency exchange business in September of last year and provides services as an exchange. We announced that Huobi Japan will capital participation as a shareholder, aiming for full security system, corporate governance, compliance system.

The changes are as shown in the table.

Change before After change
Name of shareholder True Joyful Limited Huobi Japan Holding Limited
Representative Chen Lee Men Eric Chris Lee
Ownership ratio 100% 100%
A director Tanji Tsuru
Akihiko Kobayashi
Chen Hui
Chris Lee
Ho Lee

The company completed registration of the cryptocurrency exchange business in September last year.

The purpose of this change of shareholders is to maximize the management resources of the Huobi Group, to enhance the internal control system and to promote the protection of customer interests under stable management .

Furthermore, the company’s basic business framework etc. are not changed, and the services that we currently offer will continue.

Article source: BitTrade Announcement concerning change of management rights of our parent company

Author: NT 【Coin Desk News】 – Source Post: https://crypto-times.jp/huobi-bittrade/

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