Greenpro Promotes Value-Based Economy During Global Islamic Finance Forum 2022

Rhea-AI Summary

Greenpro Capital Corp. (NASDAQ:GRNQ) has reaffirmed its commitment to a social value corporate strategy aligned with the Value-based Intermediation (VBI) principles in Malaysia. This initiative aims to foster economic development and provide technology solutions within Islamic Finance, contributing to a total VBI-related financing of US$ 17.5 billion serving over 375,000 accounts from 2020-2021. The company anticipates growth in the digital asset market, particularly through its Shariah Compliant ESG Digital Asset Exchange, Green-X, in partnership with Labuan IBFC.

Positive

• Greenpro's social value strategy aligns with Malaysia's VBI principles, indicating a strong commitment to sustainable financial practices.
• The company anticipates growth in the digital asset sector, specifically through its upcoming Green-X exchange, which targets Shariah compliant investments.

Negative

• None.

KUALA LUMPUR, MALAYSIA / ACCESSWIRE / October 17, 2022 / Greenpro Capital Corp. (NASDAQ:GRNQ) today reiterate its social value corporate strategy that aligns with Value-based Intermediation ("VBI") principle first launched by Central Bank of Malaysia in 2017. Together with Labuan IBFC establishment of Islamic Digital Asset Centre (IDAC), Greenpro Capital will spearhead the economic development and technology solutions offerings for a complete digital ecosystem within Islamic Finance.

VBI aims to deliver the intended outcomes of Shariah through practices, conduct and offerings that generate positive and sustainable impact to the economy, community and environment, consistent with the shareholders' sustainable returns and long-term interests. During the 2020-2021, the total VBI-related financing in Malaysia reached US$ 17.5 billion, which served over 375,000 accounts (2017-2020: US$ 20 billion and 235,000 accounts).

During Labuan IBFC's session on Unveiling Labuan as Asia's IDAC - Pioneering A New Asset Class, the panel touches on topics including

1. Shariah and ESG Issuances/Investment through Asset Tokenization;
2. What are the opportunities available for Shariah assets and sustainable investing in the digital sphere?
3. Opportunities for SMEs and corporates in raising funds on a blockchain platform
4. An entrepreneur's experience of tokenizing assets / projects

From left: Greg Miller, Executive Director of Aspac Capital; Aqim Marzuki, CEO of Cattle Queen Ranch; Nik Mohamed Din Nik Musa, Director General of Labuan FSA; Dr. (h.c.) C.K.Lee, CEO of Greenpro Capital Corp; Datuk Prof. Dr. Mohamad Akram Laldin, Executive Director of ISRA; Ja'afar Rihan, Head of Islamic Finance of Labuan FSA.

Greenpro CEO, Dr. CK Lee said during the forum, "Parallel to the rapid growth of the digital asset and tokenization is the rapid growth of digital asset regulation, STO is considered to be a very efficient method of alternative financing. Due to the world's trend moving towards ESG and decarbonization, and the successful track record in our CryptoSX Digital Exchange, we are expecting a large number of international issuers to list on our Shariah Compliant ESG Digital Asset Exchange, Green-X."

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, CryptoSX and Green-X for STOs, health, wellness and fine art 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 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. 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.

The Green-X exchange can be found at https://www.green-x.io/

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 7,867,188 million shares issued and outstanding with a float of 3,831,677 shares.

CONTACT:

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

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

SOURCE: Greenpro Capital Corp.

View source version on accesswire.com:
https://www.accesswire.com/720623/Greenpro-Promotes-Value-Based-Economy-During-Global-Islamic-Finance-Forum-2022

FAQ

What is Greenpro Capital Corp.'s focus on sustainability?

Greenpro Capital Corp. emphasizes a social value corporate strategy that aligns with the Value-based Intermediation (VBI) principles, aiming for positive economic and environmental impacts.

What is the total VBI-related financing mentioned by Greenpro?

Greenpro noted a total of US$ 17.5 billion in VBI-related financing was achieved in Malaysia during 2020-2021.

What digital asset initiative is Greenpro pursuing?

Greenpro is launching the Green-X exchange, which will focus on Shariah compliant ESG assets and aims to support international issuers.

How many shares does Greenpro Capital Corp. have outstanding?

Greenpro Capital Corp. has 7,867,188 shares issued and outstanding, with a float of 3,831,677 shares.