OmiseGo denies purchase by Thailand's largest private company

Hasegawa Jun, the founder of Omise – the company behind OmiseGo (OMG) – denied the recent acquisition rumors in correspondence with Cointelegraph Japan on March 30.

On March 29, The Block Crypto reported that the Charoen Pokphand Group, the largest private company in Thailand, had purchased Omise for $ 150 million. Shortly thereafter, Omise answered a question from Cointelegraph Japan, who denied the rumors.

In his correspondence with Cointelegraph, Jun also noted that he requested The Block to immediately remove the story, publish an apology statement, and issue a correction to the article. According to him, the rumor can have an adverse effect on Omise Holdings, its subsidiaries and the company alleged to have carried out the acquisition.

Finally, Jun warns that Omise is considering taking legal action against the point of sale if The Block fails to respond by March 30 and meets the requests. According to Forbes Asia, the Charawanon family, which owns the CP group, is the fourth richest in Asia, worth around $ 36.6 billion.

Omisego – an Ethereum (ETH) -based payment platform – is currently the 26th market capitalization cryptocurrency and has seen its value grow by more than 4 percent over the 24-hour time-stamp, according to CoinMarketCap data.

As Cointelegraph reported in November last year, OmiseGo worked with blockchain protocol Mass Vehicle Ledger (MVL) to develop a Proof-of-Concept (PoC) to determine whether the decentralized OMG network is suitable for the data registration system from MVL.

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