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Huobi Exchange Founder Named New Pantronics CEO

  • Alex Dovbnya
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    The appointment of a new CEO has sent the shares of Pantronics through the roof   

Huobi Exchange Founder Named New Pantronics CEO

Leon Li, the founder of Huobi Group, has become the CEO of Hong Kong-based Pantronics Holdings. According to a recent press release, Li will help the electronics manufacturer to explore new growth opportunities.

Huobi CEO Leon Li
image by Huobi Global

It is worth mentioning that Li will remain the chief executive of Huobi Group, which was founded back in 2013. Moreover, the name of Pantronics will be changed to Huobi Technology Holdings Limited under the new boss.

As reported by U.Today, Huobi bought more than 74 percent of Pantronics shares back in August 2018, which allowed the company to dip its toes into public trading without holding an IPO.    

The shares of Pantronics soared by more than 40 percent on the Hong Kong Stock Exchange (SEHK) following the announcement.

Cover image via news.u.today
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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