Greenpro to Dividend SEATech Shares and Sets Shareholder Record Date
Greenpro Capital Corp. (NASDAQ:GRNQ) has announced the distribution of approximately 6.6 million shares of SEATECH Ventures Corp. (SEAV) to its shareholders of record by August 31, 2021. This dividend, valued at $13.7 million based on SEAV's recent price of $2.08, will provide one share of SEAV for every 10 shares of GRNQ held. CEO CK Lee expressed satisfaction in rewarding shareholders and indicated future dividends from other incubated companies. SEAV aims to up-list to a main stock exchange in 2022.
- Distribution of 6.6 million SEAV shares valued at $13.7 million to shareholders.
- Future dividends planned from other incubated companies.
- None.
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / August 17, 2021 / Greenpro Capital Corp. (NASDAQ:GRNQ). today announced that it will distribute approximately 6.6 million shares of common stock of SEATECH Ventures Corp. ("SEAV") to GRNQ's shareholders of record on August 31, 2021.
SEAV shares are quoted on the OTC Pink sheets and SEAV plans to apply to up-list to a mainboard stock exchange in 2022. The recent closing price of SEAV was
CEO CK Lee said, "We are very pleased to reward our loyal shareholders with this valuable dividend. We are planning several more dividends in the near future of other companies we are currently incubating and that are quoted on the OTC Market and also a possible Securitized Token Offering STO dividend."
About SEATech Ventures Corp.
Headquartered in Kuala Lumpur, Malaysia, SEATech Ventures Corp. (OTC PINK:SEAV) (a Nevada corporation) aspires to nurture and incubate emerging growth technology companies in South East Asia that aim to become tomorrow's Asia unicorns. SEATech is an incubation platform, pools together talents that are equipped with technical, market developmental and financial expertise. We provide mentoring and consultancy on growth strategy through business combination and integration for companies to expand their business across Asia. We advise companies to monetize, capitalize and securitize their businesses by providing funding strategy which includes equity crowd funding, private-placement and go public. With a vast experience in business and ventures, our key management team possess the business acumen and have access to a network of managing partners across Asia who commit to introduce high quality deal-flows to us. SEATech is well positioned to be recognized as an influential Asian Corporate Venture Capital firm in transforming, securitizing, capitalizing and internationalizing Asia technology companies. For further information regarding the company, please visit http://www.seatech-ventures.com.
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
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/660101/Greenpro-to-Dividend-SEATech-Shares-and-Sets-Shareholder-Record-Date
FAQ
What is the value of the dividend being distributed by Greenpro Capital Corp. (NASDAQ:GRNQ)?
When is the record date for the dividend distribution of SEAV shares by GRNQ?
How many SEAV shares will Greenpro Capital Corp. (GRNQ) shareholders receive?
Is Greenpro Capital Corp. planning more dividends in the future?
What is SEATECH Ventures Corp. (OTC:SEAV) aiming for in 2022?
