Singaporean digital asset exchange ECXX Global has sold more than 18% of its shares to Hatten Land, the property developer, in a $6m deal.
ECXX Global’s majority shareholder is CapitalX Global, which owns 72.67% of the company, Business Times reported.
Other shareholders includes Epsilon Investment and Ariki Asia, the information technology consultancy ChainUp andd Lee Chin Foong, sole director and chief executive of ECXX Global.
Once the deal has been completed, Hatten Land will be abllowed to nominate its representatives to be appointed as directors representing no more than one third of ECXX Global’s board of directors.
Copyright © 2020 FinTech Global
