http://www.prnewswire.com/news-releases/huobi-japan-secures-around-usd-4-6-million-with-announcement-of-stock-issuance-300979387.html

TOKYO, Dec. 26, 2019 /PRNewswire/ -- Huobi Japan (Reg. No. 00007) announces plans to raise approximately JPY 500 Million (USD 4.6 Million) in new funding. The funding was raised by issuing new stocks to the Tokai Tokyo Financial Holdings (TTFH) through private placement. The stock issuance is set for Q1 2020. TTFH is a comprehensive securities firm that provides financial services such as dealing, distribution, brokerage, underwriting, and distribution of securities and investment trust.

"As Huobi Japan continues to provide safe, secure, and customer-first financial services, we will benefit from the capital and business alliance with Tokai Tokyo Financial Holdings," said Haiteng Chen, CEO of Huobi Japan. Chen added, "Huobi Japan being leader in security-focused blockchain technology was of big help in helping us the funding." The funding is expected to aid Huobi Japan in ongoing expansion plans.