OKCoin becomes majority shareowner of a Hong Kong-listed company

We'd love your feedback.
OKCoin Holdings, the parent company of OKCoin, bought almost 3.3 billion shares of LEAP, a construction-engineering firm listed on the Hong Kong Stock Exchange, according to an announcement. OKCoin Holdings will now be LEAP's largest shareholder.
The $60 million purchase may have brought OKCoin Holdings closer to becoming a public company listed on the Hong Kong Stock Exchange without having to apply for an initial public offering. It seems reverse mergers are becoming a popular move among crypto firms —just two days ago, Bithumb - the Korean crypto exchange - and Blockchain Industries - OTC listed holding company - announced their plans to merge in a letter of intent.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

