GreenPro Capital Strengthen Its Lineup of Advisors for Thailand Entertainment Complex Consortium

Rhea-AI Summary

Greenpro Capital Corp. (NASDAQ:GRNQ) has strengthened its advisory team for the proposed Thailand Entertainment Complex project by adding General Dr. Uthai Shinawatra, former Deputy Permanent Secretary of Defense and Advisor to the Minister of Interior Thailand. This development follows the company's December 5, 2024 announcement of leading a US$6 billion mega entertainment complex project featuring horse-racing tracks, 6-star hotels, and golf courses.

As part of the social initiative, General Dr. Uthai will endorse free online financial courses aimed at teaching youth about investment portfolio management and financial literacy. Capital Trust Group (CTG) will issue up to 300 million certificates with General Dr. Uthai's digital signature to qualified participants. CEO Dr. CK Lee emphasized the project's alignment with Thailand's Sustainable Development Goals (SDG) Roadmap.

Positive

• Leading development of major US$6 billion Thailand Entertainment Complex project
• Strategic addition of former high-ranking Thai government official to advisory team
• Initiative to provide free financial education to youth, potentially reaching 300 million participants

Negative

• None.

Insights

Financial Analyst

The addition of General Dr. Uthai Shinawatra to GRNQ's Thailand Entertainment Complex advisory team appears to be a strategic move, but lacks material financial impact at this stage. While the $6 billion project scope is substantial, today's announcement primarily focuses on advisory appointments and educational initiatives rather than concrete financial or operational progress.

The project's scale relative to GRNQ's current market cap of $8.7 million raises significant questions about execution capability and financing. Without specific details on funding sources, project timelines, or revenue projections, this remains largely aspirational. The educational initiative, while socially beneficial, has minimal direct financial implications for shareholders.

Investors should note that large-scale entertainment complex projects in Southeast Asia often face regulatory hurdles, particularly those involving gaming facilities. The timeline from announcement to revenue generation can span many years, if materialized at all.

Market Research Analyst

The Thai entertainment and hospitality sector shows promise, with tourism contributing approximately 20% to Thailand's GDP pre-pandemic. However, this announcement lacks important implementation details that would make it actionable for investors. The involvement of a former high-ranking government official could potentially streamline future regulatory processes, but this advantage remains theoretical without concrete progress indicators.

For context, similar mega-projects in Southeast Asia typically require 5-7 years from groundbreaking to operation, with success heavily dependent on infrastructure development and regulatory compliance. The educational initiative, while ambitious with its 300 million certificate target, appears disconnected from the core business objectives and lacks clear monetization strategy.

KUALA LUMPUR, MY / ACCESS Newswire / January 16, 2025 / Greenpro Capital Corp. (NASDAQ:GRNQ) a multinational financial services company, previously announced on 5^th December 2024 that it is leading the proposed business development of Thailand Entertainment Complex, a US$6 billion (~200 billion Thai Bhat) mega entertainment complex with various amenities such as horse-racing track, 6-star hotels, golf courses and other hospitalities. The consortium will now add General Dr. Uthai Shinawatra, a former Deputy Permanent Secretary of Defense, Thailand and former Advisor to the Minister of Interior Thailand, to its list of eminent advisors. General Dr. Uthai brings a wealth of experience to the consortium with this appointment, having served in key governmental positions in Thailand over the past 40 years.

PRPHOTO

Contributing to the social aspect of the engagement, General Dr. Uthai would also be endorsing free online financial courses that teaches youth and students to build and manage world class investment portfolios, uplift their financial literacy and reduce poverty. Up to 300 million "Certificate of Performance" and "Certificate of Training" carrying the digital signature of General Dr. Uthai, issued by Capital Trust Group (CTG) will be awarded to qualified young generations.

CEO and Co-Founder Dr. CK Lee, said, "we are fully aware of the positive economic impact that Thailand Entertainment Complex will bring to the nation and people of Thailand. Nevertheless, we should also take note the social aspect of the project to be aligned with Thailand's Sustainable Development Goals (SDG) Roadmap. We are hopeful that a small initiative such as the free online financial courses above will kickstart greater things to come."

About Capital Trust Group Limited (CTG)

Capital Trust Group Limited is a New Zealand investment management and fintech company specializing in providing white-label EdTech Platform targets to startups to build their social investment networks. https://www.ctgprime.com/

About Greenpro Capital Corp

Headquartered in Kuala Lumpur and a Nevada corporation, Greenpro Capital Corp. (NASDAQ:GRNQ), is a business incubator with strategic offices across Asia. With a diversified business portfolio comprising of finance, technology, banking, and Green-X for STOs, health and wellness as well as 30 years of experience in various industries, Greenpro has been assisting and supporting businesses and High-Net-Worth-Individuals to capitalize and securitize their value on a global scale. This is done through the provision of cross-border business solutions, spinoffs on major stock exchanges and accounting outsourcing services to small and medium-size businesses located in Asia. The comprehensive range of cross-border business services includes, but are not limited to, trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing services and tax advisory services. Greenpro also operates venture capital businesses, including business development for start-ups and high growth companies.

For further information regarding the company, please visit http://www.greenprocapital.com.

Forward-Looking Statements

This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases "plans," "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.

GRNQ has 7,575,813 shares issued and outstanding with a float of 4,089,641 shares

Gilbert Loke, CFO, Director
Greenpro Capital Corp.
Email: ir.hk@greenprocapital.com
Phone: +852-3111 7718

Contact Dennis Burns. Investor Relations.
Tel (567) 237-4132
dburns@nvestrain.com
Phone: +603-2201 3192
mycorp@greenprocapital.com

SOURCE: Greenpro Capital Corp.

View the original press release on ACCESS Newswire

FAQ

What is the total investment value of GRNQ's Thailand Entertainment Complex project?

The Thailand Entertainment Complex project has a proposed investment value of US$6 billion (approximately 200 billion Thai Baht).

Who is the new advisor joining GRNQ's Thailand Entertainment Complex project?

General Dr. Uthai Shinawatra, former Deputy Permanent Secretary of Defense and Advisor to the Minister of Interior Thailand, has joined as an advisor to the project.

What amenities will be included in GRNQ's Thailand Entertainment Complex?

The complex will include horse-racing tracks, 6-star hotels, golf courses, and other hospitality facilities.

How many certificates will be issued through GRNQ's financial education initiative?

Up to 300 million 'Certificate of Performance' and 'Certificate of Training' will be issued by Capital Trust Group (CTG) to qualified young participants.

When did GRNQ first announce the Thailand Entertainment Complex project?

Greenpro Capital Corp. first announced the Thailand Entertainment Complex project on December 5, 2024.