BTCC Pool Limited, mining pool, Chinese bitcoin giant BTCC, agreed to sell 49% of its shares. The potential buyer is a Hong Kong financial company, Value Convergence (VC) Holdings Limited, as evidenced by a published Memorandum of understanding (MOU).
If the participants sign the final agreement, the deal will amount to 147 million Hong Kong dollars ($17 million). Note, the MOU is not legally binding and its terms are subject to further discussion.
VC Group is a management company securities and other assets. CoinDesk writes, for the company, this transaction is one step in the further development of the business through the integration of sector financial technology.
Earlier ForkLog wrote that the BTCC (formerly BTC China) has suspended its activities in China, after the authorities banned the original proposals of the coins (ICO). Currently the company is developing three areas of its business: mining, pool, cryptocurrency wallet and exchange service, Mobi USD/BTC.
We will remind, in January the investment Fund from Hong Kong acquired a Chinese bitcoin company BTCC.
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