TOKYO -- A Hong Kong-based cryptocurrency company seeks to essentially take control of a China-linked business listed on the Tokyo Stock Exchange, ringing alarm bells at a bourse that has steered clear of the risky virtual coin market.
The suitor, Noah Ark Technologies, proposed in June as a shareholder of Beat Holdings that the latter change its name to include "Noah Coin" -- a virtual coin the Hong Kong company launched this year -- and issue new shares and share acquisition rights so as to let Noah obtain voting rights of about 50%.
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