Greenpro Incubated Cryptocurrency-Mining Project to Empower the STO Business in BIMP-EAGA Regions

Rhea-AI Summary

Greenpro Capital Corp. (NASDAQ:GRNQ) announced progress in its crypto-mining project in Malaysia following a Private Public Partnership Agreement signed in August 2021. The company is negotiating with local authorities to set up cryptocurrency-mining operations in a special economic zone that promotes green and solar-based initiatives. Greenpro aims to leverage Securities Token Offerings (STO) to facilitate digital finance for various incubated projects, enhancing financing efficiency in the evolving digital economy.

Positive

• Engagement in a crypto-mining project positions Greenpro strategically in the growing cryptocurrency market.
• Private Public Partnership Agreement enhances legitimacy and support for the project.
• Potential to provide stable financing through Securities Token Offerings (STO) for incubated projects.

Negative

• Dependence on regulatory approvals and negotiations with local authorities may delay project initiation.
• Market volatility in cryptocurrency poses uncertain financial outcomes.

KUALA LUMPUR, MALAYSIA / ACCESSWIRE / November 4, 2021 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that the Company is progressing its plan to venture into a crypto-mining project in Malaysia after the signing of Private Public Partnership Agreement in August 2021 for the development of digital asset platform in BIMP-EAGA.

GreenPro is in the process of discussion with Malaysia relevant authorities to setup cryptocurrency-mining machines based in one of the special economy zone which encouraging Green, digital and solar-based business.

Parallel to the rapid growth of the cryptocurrency industry is the rapid growth of cryptocurrency regulation, the STO (Securities Token Offering) will help GreenPro in providing alternative digital finance to different incubated projects.

(https://www.youtube.com/watch?v=Lcc3-rAV8B8)

Greenpro CEO, Dr. Lee said "STO is considered to be a very efficient method of financing in Digital Economy Transformation. Traditional fundraising methods are becoming increasingly complex to access, and many businesses have started to look at blockchain technology for raising funds. As a result, security tokens have become a possible investment vehicle that allows businesses to reverse the financial pyramid and democratize the capital markets. STO platform can greatly help GreenPro to provide a stable and reliable exit from its incubated projects."

About Greenpro Capital Corp.

Headquartered in Kuala Lumpur, Greenpro Capital Corp. (NASDAQ:GRNQ), a Nevada corporation, with strategic offices across Asia, is a business incubator with a diversified business portfolio comprising finance, technology, banking, CryptoSx for STOs, health and wellness and fine art. With 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 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 include, 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. We also operate venture capital businesses, including business development for start-ups and high growth companies, covering finance, technology, FinTech, and health and wellness. 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.

CONTACT:

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

SOURCE: Greenpro Capital Corp.

View source version on accesswire.com:
https://www.accesswire.com/671153/Greenpro-Incubated-Cryptocurrency-Mining-Project-to-Empower-the-STO-Business-in-BIMP-EAGA-Regions

FAQ

What is Greenpro Capital Corp.'s latest announcement regarding cryptocurrency?

Greenpro Capital Corp. announced progress on its cryptocurrency-mining project in Malaysia, following a Private Public Partnership Agreement signed in August 2021.

What is the purpose of the Private Public Partnership Agreement for Greenpro?

The agreement aims to support the development of a digital asset platform in the BIMP-EAGA region, facilitating Greenpro's crypto-mining operations.

How does Greenpro plan to finance its projects?

Greenpro intends to use Securities Token Offerings (STO) to provide alternative digital financing for its incubated projects.

What are the potential risks associated with Greenpro's cryptocurrency project?

The primary risks include regulatory approval dependence and the inherent volatility of the cryptocurrency market.