The largest South Korean crypto currency exchange Bithumb confirmed that company from Singapore buys more than 38% of its shares for 400 billion won ($350 million).
Firm BTC Holdings Company, which currently owns 76% of the equity Bithumb, agreed to sell 50% + 1 share of its stake in the exchange BK Group — medical group plastic surgery from Singapore.
After closing the transaction, the largest shareholder Bithumb will be the Chairman of BK Group Kim Byung gun (Kim Byung Gun) — plastic surgeon and an early investor in the cryptocurrency. He also founded last year in Singapore consulting company and a platform for the ICO.
Deal with the share estimates Bithumb full value of the company more than 1 trillion won or $920 million.
Recall that in the first half of the year 20118 Bithumb made a profit of 39.34 billion won (about $35 million), while in June the site was hacked and the damage amounted to $16.9 million.