Greenpro Successfully Conducted Unicorn Incubation Program - SEA Unicorn 2022

Rhea-AI Summary

Greenpro Capital Corp. (NASDAQ:GRNQ) successfully conducted its unicorn incubation program, SEA Unicorn 2022, in Malaysia from March to July 2022, involving 124 emerging companies. Ten finalists are set to go public in the US Capital Market. Notably, AsiaFIN Holdings Corp., a finalist, began trading on the US OTC Market on August 11, 2022, with a market capitalization of approximately USD88 million. Additionally, Greenpro sponsors the ongoing SEA Dragon 2022 program for tech companies, culminating in a finale at the World Congress of Innovation and Technology Forum 2022 in September.

Positive

• Successfully conducted SEA Unicorn 2022 program, involving 124 companies.
• Ten finalists identified, with plans to go public in the US Market.
• AsiaFIN Holdings commenced trading on US OTC, achieving USD88 million market cap.

Negative

• None.

KUALA LUMPUR, MALAYSIA / ACCESSWIRE / August 12, 2022 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced its unicorn incubation program (SEA Unicorn 2022) has been successfully conducted in Malaysia.

SEA Unicorn 2022 program ran from March to July 2022. A total of 124 emerging growth companies has actively participated in the program. 10 companies have been selected as the finalists with plans to go public in the US Capital Market.

One of the top 10 finalists, AsiaFIN Holdings Corp., a fintech company in Malaysia has started trading on US OTC Market on August 11, 2022. With closing traded price of USD1.20, the company has achieved a market capitalization of approximately USD88 Million.

Greenpro successfully uplisted from OTCQB to NASDAQ market on Jun 13, 2018 and achieved market capitalization of approximately USD1.26 Billion by closing.

Greenpro is the main sponsor for another on-going incubation program called the SEA Dragon 2022 which focuses on emerging Tech-based companies. Top 20 companies will be selected to present in the Grand Finale at World Congress of Innovation and Technology Forum 2022 (WCIT2022) which will be held in Penang, Malaysia from September 13 - 15, 2022.

http://www.pikom.org.my/2022/PRESS/Press_Statement-MALAYSIA%E2%80%99S_VERY_OWN_TECH_UNICORNS_ANNOUNCED_AT_THE_WORLD_CONGRESS_ON_INNOVATION_AND_TECHNOLOGY_2022.pdf

Greenpro CEO, Dr. Lee said, "We are proud to have these Southeast Asia platforms to nurture and groom the local start-up and scale-up companies, and enable them to gain international exposure. As one of the panel judges, we will adopt Environmental, Social and Governance ("ESG") elements as the key judging criteria."

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 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.

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 3,668,992 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

SOURCE: Greenpro Capital Corp.

View source version on accesswire.com:
https://www.accesswire.com/711897/Greenpro-Successfully-Conducted-Unicorn-Incubation-Program--SEA-Unicorn-2022

FAQ

What is the SEA Unicorn 2022 program?

The SEA Unicorn 2022 program is an incubation initiative by Greenpro Capital Corp. designed to support emerging growth companies in Malaysia, which successfully ran from March to July 2022.

How many companies participated in the SEA Unicorn 2022 program?

A total of 124 emerging growth companies participated in the SEA Unicorn 2022 program.

What is the significance of AsiaFIN Holdings Corp. in this press release?

AsiaFIN Holdings Corp. was one of the top 10 finalists in the SEA Unicorn 2022 program and began trading on the US OTC Market on August 11, 2022, with a market capitalization of approximately USD88 million.

What upcoming events is Greenpro Capital Corp. involved in?

Greenpro is sponsoring the SEA Dragon 2022 program, focusing on tech companies, culminating in a finale during the World Congress of Innovation and Technology Forum 2022 in September.