Huobi’s former co-founder Yuan Dawei completes acquisition of US-listed company MFI Holdings, adding to global presence

According to the latest disclosure documents from the U.S. Securities and Exchange Commission (SEC), Dawei Yuan, the former co-founder of Huobi.com, has successfully completed the acquisition of all Class B common shares of mF International Limited (NASDAQ: MFI), a U.S. listed company, through its entity Fire Lucky Investment Co., Ltd., totaling 9,046,892 shares, with a total transaction price of approximately US$7.8 million.

The documents show that Dawei Yuan is the only director, officer and beneficial shareholder of Fire Lucky. This transaction enables him to indirectly hold approximately 68.3% of the common stock voting rights of MFI through Fire Lucky, thus achieving a controlling position in the company.

According to public information, mF International Limited is a cross-border financial technology service company listed on Nasdaq, mainly providing solutions related to payment, credit and digital finance. After the completion of the transfer of Class B shares, Dawei Yuan has become the controlling party of MFI and is expected to make substantial adjustments to the company's strategy, direction and management structure in the future.

Although MFI's current main business is not centered on cryptocurrency, in the context of the accelerated integration of Web3, digital payment and cross-border settlement, holding a traditional US stock financial technology platform may lay the groundwork for subsequent "chain reform" or "digital transformation".

In addition, Yuan Dawei has long been regarded as one of the key figures in Huobi's early architecture and internationalization strategy, and is familiar with Sino-US financial supervision and capital operations. This low-cost acquisition to complete the control of US stock shell resources may also facilitate its creation of new capital carriers or Web3 listing platforms.

It is worth noting that MFI is currently a light-asset company with a concentrated equity structure and lack of a complex operating structure, which is in line with the model characteristics of Chinese entrepreneurs in recent years in the US capital market for "reverse holding" or "compliant overseas". Market analysts pointed out that if Fire Lucky promotes MFI to carry out business cooperation or asset injection in the direction of blockchain, digital identity, stablecoin settlement or AI+finance in the future, MFI is expected to become another representative of the rise of Chinese-backed digital financial platforms in the United States.