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Futu Replaces Xiaomi as Controlling Shareholder of Airstar Bank with HKD500M Cap Injection Last Sep: Report
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Futu injected last September another HKD500 million in digital bank Airstar Bank by purchasing new shares issued by the bank's parent company, Gravitation Fintech HK, according to a report from the Hong Kong Economic Journal. This move indirectly increased Futu's stake in Airstar Bank to 68.43% from the original 44.11%, positioning Futu to take over from founding shareholder XIAOMI-W (01810.HK) as the bank's controlling shareholder. AAStocks Financial News |
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