Japanese crypto asset exchange Bitbank said SBI Holdings has completed a full acquisition of the company, making Bitbank a wholly owned subsidiary of SBI Holdings. The transaction was carried out through procedures including Bitbank’s repurchase of its own shares from MIXI and Ceres. Following the completion of the deal, Tomohiko Kondo, president of SBI VC Trade Co., Ltd., will join Bitbank as a director. Bitbank’s current representative director and CEO, Noriyuki Hirose, is expected to become an outside director of SBI VC Trade. The update was reported by Odaily.
Japanese crypto asset exchange Bitbank said SBI Holdings has completed its full acquisition of the company, and Bitbank has formally become a wholly owned subsidiary of SBI Holdings.
According to Bitbank, the transaction was completed through procedures including the company’s repurchase of its own shares from MIXI and Ceres.
After the deal closed, Tomohiko Kondo, president of SBI VC Trade Co., Ltd., will serve as a director of Bitbank. Noriyuki Hirose, Bitbank’s current representative director and CEO, is expected to take a role as an outside director of SBI VC Trade.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
