Leon Li, Huobi Group Founder, has been named Chairman of the Board, CEO and executive director of the board for Electronics producer, Pantronics Holdings. A recent press release declared Li’s latest role at Pantronics Holdings Ltd, a Hong Kong-listed holding organization.
Moreover, by representing the Board of Directors, Chris Lee, Pantronics present Executive Director, Joint Company Secretary, and CFO announced the following declaration:
The global scale of innovative technologies is rising exponentially. Emerging technologies, such as mobile internet, A.I., big data, and especially blockchain technology, are radically transforming traditional business models. The knowledge, experiences, and management skills that have allowed Leon to build one of the most successful digital asset companies in the world will be invaluable to the Pantronics team.
Furthermore, the crypto exchange stated in a public statement that Li would encourage the management of Pantronics to enable it to investigate “potential new opportunities.” According to the Huobi’s official report, under the latest proposition, Pantronics might be changed to Huobi Technology Holdings Limited. Regardless, the name change is pending confirmation from the Registry of Corporate Affairs in the British Virgin Islands.
Moreover, Li established Huobi in China in 2013. The organization presently operates as Huobi Global, one of the world’s biggest digital asset exchanges by exchanging volume. Since then, Huobi has ventured into challenging businesses in the cryptocurrency ecosystem. In a reverse side takeover in August 2018, Huobi obtained a 74 percent stake of Pantronics and ended up listed on the Hong Kong Stock Exchange.
Additionally, in a declaration, it expressed that as board Chairman and Executive Director; Li will step into overall Leadership on the board, makes sure that it works successfully and delivers its duties, and will assume essential responsibility in guaranteeing that excellent corporate governance practices are sustained. Further, he will proceed in his present role at Huobi.
The organization moved to more crypto-accommodating Singapore in 2017 after China stressed guidelines on digital currency activities. Recently, it was announced that Whole Network, a Huobi invested startup, was intending to launch its blockchain-powered smartphone, named as Acute Angle. The blockchain smartphone was at that point accessible to specific clients in China; however, the real launch of Acute Angle will be scheduled shortly as a significant aspect of the 6th Huobi Prime launch.
Besides, the Singapore-based digital currency Trade Company has been making plans to move into equipment. Huobi’s financing arm invests assets into the startup considering the Whole Network currently announced another blockchain-engaged phone concentrating on digital currency vendors.