The Tokyo stock exchange (TSE) is concerned about the prospect of buying the company Beat Holdings, whose shares are traded on the platform, the Hong Kong firm Noah Ark Technologies. According to Nikkei, the latter is going to open in Japan, USA, China and Europe, several other cryptocurrency exchanges as well as to hold the ICO for $1 billion.
Earlier, the Hong Kong firm, holder of a 15% stake in Beat Holdings, recommended that the company include in its name the words “Noah Coin” and provide the right to purchase a 50% stake and other intellectual property. At the moment Beat Holdings has a capitalization of 7.3 billion yen ($66 million).
Despite the fact that the TSE does not approve the transaction and prevent it, she probably can’t.
“We are in a difficult situation”, — said the representative of the TSE, adding that the stock exchange has mechanisms to protect investors cryptocurrency companies.
In addition, it is known that Noah has not yet received permission of the Japanese regulator to the opening of the crypto currency exchange.
Beat Holdings also treated the deal with skepticism. So, CEO Lian Jin Han expressed confidence that Noah was only interested in buying space on the largest stock exchange of Asia.
Recall that in June a large Japanese company Samurai & J Partners, Appbank Inc and I-Freek Mobile Inc, whose shares are traded on the Tokyo stock exchange, announced plans to enter the market of cryptocurrency services.
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