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Agape ATP Corporation (NASDAQ: ATPC) is an international company that specializes in health and wellness products and advisory services. Through its subsidiaries, the company offers a diverse portfolio of products aimed at enhancing overall body health. These include supplements designed to assist in cell metabolism, detoxification, blood circulation, and anti-aging, thereby promoting a healthier lifestyle. Key products in their lineup include ATP1s Survivor Select, ATP2 Energized Mineral Concentrate, ATP3 Ionized Cal-Mag, ATP4 Omega Blend, and AGN-Vege Fruit Fiber.
Agape ATP Corporation has recently made significant strides in expanding its business. On October 10, 2023, the company announced the pricing of its initial public offering (IPO) of 1,650,000 shares of common stock at $4 per share, generating gross proceeds of $6,600,000 before deductions. The shares began trading on the Nasdaq Capital Market on October 11, 2023, under the ticker symbol ATPC. The IPO positions the company for greater financial flexibility and offers new opportunities for growth and investment.
In alignment with its growth strategy, Agape ATP Corporation has entered the sustainable energy market. On November 9, 2023, the company signed a Memorandum of Agreement (MoA) with Volt Industries Sdn. Bhd. to finance the construction of 50 electric vehicle (EV) charging stations in Pahang, Malaysia. This initiative reflects the company's commitment to contributing to a sustainable future and expanding its influence beyond health and wellness into the green energy sector.
Further strengthening its market position, Agape ATP Corporation announced a share repurchase plan on November 22, 2023. The board of directors has authorized the company to repurchase up to $1 million of its shares over the next six months. This move is expected to optimize the company's capital structure and enhance shareholder value.
On February 2, 2024, Agape ATP Corporation hosted the NASDAQ Opening Bell Ringing Ceremony in Kuala Lumpur, marking another milestone in its journey. The event underscored the company's focus on its Sustainability Green Energy Initiative, which includes not only the development of EV charging stations but also a collaboration with Oriental Industries Enterprise Sdn. Bhd. to market EV bikes. The company's ongoing projects and strategic partnerships are pivotal in its mission to foster innovation and sustainable growth.
NASDAQ-listed Agape ATP (ATPC) unveils its six core business pillars aimed at addressing global challenges in sustainability, health, and quality of life. The pillars include:
1. ATPC Green Energy (AGE): Focuses on sustainable energy solutions and energy-saving projects in Malaysia and ASEAN countries.
2. Agape Superior Living (ASL): Develops anti-aging supplements like ATP2 for the wellness industry.
3. Cedar ATPC: Offers Myofascial Release Therapy and Pain Relief Therapy for improved physical well-being.
4. Senior Living: Creates supportive environments for elderly care.
5. Medical Devices: Collaborates with FORMEDIC Technologies to develop the LEGA device for respiratory care.
6. DSY Wellness: Provides nutraceuticals and nutritional medicine products.
ATPC aims to synergize these pillars to drive business growth while contributing to global wellness and sustainability.
NASDAQ-listed AGAPE ATP (ATPC) has announced a strategic collaboration with FORMEDIC Technologies to launch LEGA, an electronic chest percussion device for respiratory care. This partnership aims to address the growing demand for advanced respiratory solutions in a market estimated to reach USD 25.95 billion in 2024 and USD 49.84 billion by 2031.
LEGA, FORMEDIC's flagship product, assists patients with chronic obstructive pulmonary diseases (COPD), pneumonia, bronchiectasis, and other lung-related conditions. The device has already gained traction with nearly 2,000 units used in major hospitals and rehabilitation centres globally.
This collaboration allows ATPC to diversify its wellness portfolio and leverage FORMEDIC's expertise in healthcare technology. The partnership will focus on continuous R&D efforts and joint marketing strategies to position LEGA as a leading respiratory care solution globally.
Agape ATP (ATPC) has launched ATP2, an enhanced wellness supplement targeting key health challenges. The product features 76 essential minerals, 20 amino acids, and advanced enzymes to support overall wellness. ATP2 aims to address aging, metabolism, and chronic disease management through its unique blend of plant-based enzymes, minerals, amino acids, and hydrogen acetate technology.
ATPC targets selling 5,000 units by year-end. The product is designed to increase energy production by enhancing NADH+ levels in the body. ATP2's formula includes ingredients scientifically proven to improve metabolism, reduce inflammation, and reverse aging effects. It also manages blood pressure, blood sugar levels, and promotes cardiovascular health.
Manufactured in Malaysia, ATP2 incorporates advanced technologies from Australia, USA, Europe, and Japan. ATPC aims to align with UN Sustainable Development Goals, particularly in health and well-being, positioning ATP2 as a transformative solution in the wellness market.
Agape ATP (ATPC) has regained compliance with Nasdaq's minimum bid price rule. On September 17, 2024, ATPC received confirmation from Nasdaq's Listing Qualifications Department that its closing bid price had been $1.00 or greater for 10 consecutive trading days, from August 30 to September 16, 2024. This successful compliance with Nasdaq Listing Rule 5550(a)(2) resolves the previous listing concern, and the matter is now closed. The announcement marks a positive development for ATPC, ensuring its continued listing on the Nasdaq Stock Market.
ATPC Green Energy, a subsidiary of NASDAQ-listed AGAPE ATP (ATPC), has formed a strategic partnership with Xiamen Photons Solar Technology to develop solar photovoltaic (PV) mounting systems for Malaysia and ASEAN countries. This collaboration aims to boost renewable energy adoption and support carbon neutrality in the region. The partnership leverages Photons Solar's expertise in PV mounting systems and ATPC's local market knowledge to address grid stability and power supply challenges, particularly in Sabah. With Photons Solar's extensive experience, including over 5 GW in cumulative shipments and a 960,000 square meter manufacturing facility, the collaboration is set to accelerate the transformation of the ASEAN solar market and contribute to the region's zero-carbon energy future.
AGAPE ATP (NASDAQ:ATPC) has announced significant updates, including a 1-for-20 reverse stock split effective today. This move aims to increase the market price per share and meet NASDAQ's continued listing standards. The company is also reducing its authorized shares of common stock from 1,000,000,000 to 50,000,000.
ATPC is advancing several strategic initiatives, including:
- Launching new products to enhance financial outlook and market presence
- Expanding in the green energy sector through ATPC Green Energy Sdn. Bhd.
- Introducing new wellness services through Cedar ATPC Sdn. Bhd.
- Continuing growth in senior care services via Sweet Home Senior Living Care Centre Sdn Bhd
The company reports a strong balance sheet and is exploring new opportunities in domestic and regional markets, particularly in Wellness and Green Energy sectors.
AGAPE ATP (NASDAQ: ATPC) has announced a 1-for-20 reverse stock split effective August 30, 2024. This strategic move aims to increase the market price per share to comply with NASDAQ's continued listing standards. Key points include:
- Trading on a split-adjusted basis begins August 30, 2024
- Authorized shares reduced from 1,000,000,000 to 50,000,000
- Symbol remains 'ATPC' but with a new CUSIP number
- Company focuses on health and wellness products and energy-saving solutions
This corporate action is designed to maintain NASDAQ listing compliance, potentially impacting shareholder value and market perception.
NASDAQ-listed AGAPE ATP (ATPC) has announced strategic collaborations in the pain management and elderly care solutions markets. The company is partnering with Sweet Home Senior Living Care Centre to expand elderly care services, aiming to operate 10 facilities by 2026. Currently, there are 3 centers in Klang Valley, each housing an average of 14 seniors.
ATPC is also collaborating with Cedar Wellness to relaunch its wellness subsidiary as Cedar ATPC, focusing on non-pharmaceutical therapies and Traditional Chinese Medicine (TCM). These initiatives are part of ATPC's strategy to build a comprehensive wellness ecosystem and address the growing demand for holistic health solutions.
AGAPE ATP (ATPC), listed on NASDAQ, has relaunched its subsidiary as ATPC Green Energy Sdn. Bhd., collaborating with B&H Intec Solutions. B&H, a provider of mechanical and electrical services, specializes in energy-saving retrofits and building maintenance with over 14 years of experience and a portfolio of 1,000 clients in Malaysia. The collaboration aims to address Malaysia's increasing energy demand, projected to rise from 96.3 TWh to 206 TWh by 2030.
B&H's executive team will join ATPC Green Energy, holding a 30% equity stake. Leveraging B&H's expertise and customer base, ATPC Green Energy aims to provide energy-saving solutions across various sectors, including hospitality, insurance, government, and manufacturing. They are currently pitching for a $2 million project. The company's commitment aligns with the UN Sustainable Development Goals, focusing on renewable energy and expanding its market share in ASEAN.
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