Welcome to our dedicated page for Greenpro Capital news (Ticker: GRNQ), a resource for investors and traders seeking the latest updates and insights on Greenpro Capital stock.
Greenpro Capital Corp. (NASDAQ: GRNQ), established in 2013, is a rapidly growing professional corporate advisory entity with a team of experienced industry experts. The company specializes in providing cross-border public listing services, asset protection, trust services, financial review, and wealth management. Greenpro Capital's core mission is to help clients capitalize on their value by offering tailored expert advice.
In 2014, Greenpro Capital was listed on the OTCQB market in the United States, and in 2018, it successfully moved to the NASDAQ market. This strategic uplift showcases the company’s commitment to global expansion and reliability.
Greenpro Capital operates worldwide, with offices in Hong Kong, China, Taiwan, Malaysia, Singapore, Australia, and Thailand. The company’s services are focused on small and medium-sized businesses in Southeast Asia and East Asia, particularly in Hong Kong, China, Malaysia, Thailand, and Taiwan.
The company offers a broad range of services, including:
- Cross-border business solutions: Tax planning, trust and wealth management, listing advisory services, and transaction services.
- Record management and accounting outsourcing services.
- Venture capital business operations.
- Real estate business: Trading or leasing of commercial properties in Hong Kong and Malaysia.
Recent Achievements:
Greenpro Capital’s subsidiary, Green-X, operates the world’s first Shariah-compliant ESG Digital Asset Exchange. This platform was awarded the world’s first Shariah-compliant Carbon Credit Tokenization Platform by ESG Association Malaysia, recognizing Green-X’s contribution to ESG initiatives in Malaysia. The core product, the Security Token Offering (STO), helps small and medium entrepreneurs digitalize, securitize, and tokenize their illiquid assets.
Greenpro Capital has also inked significant partnerships, such as a Memorandum of Understanding (MOU) with Klaytn Foundation and Korea-based CREDER to integrate real-world assets into the DeFi/Web3.0 ecosystem. The collaboration aims to leverage blockchain technology to enhance liquidity, transparency, and fractional ownership opportunities.
Current Projects:
Greenpro Capital is actively developing a pipeline of Shariah-compliant physical-based digital assets for DeFi platforms. This includes tokenizing assets like gemstones, rare earth elements, and Chinese antiques. Additionally, the company is focused on green technology projects in Indonesia, such as perpetual electromagnet generators, waste engine oil to green diesel catalysts, and pure drinking water creation.
Financial Condition:
Greenpro Capital has issued 7,575,813 shares, with a float of 4,089,641 shares. The company continues to show robust financial health and strategic partnerships, reinforcing its position as a leader in the corporate advisory and digital asset exchange sectors.
Greenpro Capital Corp. (NASDAQ:GRNQ) announced a strategic partnership through an MOU with HallBru Tech Brunei, aimed at enhancing internet connectivity via Angkasa-X's low earth orbit satellite constellation for the BIMP-EAGA region. This initiative, supported by the Brunei Darussalam BIMP-EAGA Business Council, seeks to improve living standards by providing internet access to underserved rural areas. Greenpro holds 28 million shares of Angkasa-X, which is expected to go public in the U.S. by the end of 2021.
Greenpro Capital Corp. (Nasdaq: GRNQ) announced its advisory role to Odenza Corp. in pursuing an uplisting to a senior stock exchange by Q1 2022. This follows Odenza's intent to acquire Aventure Air Race Limited, operator of the World Championship Air Race (WCAR). Greenpro aims to raise $30 million for operational and capital expenses related to the WCAR, which is set to include initiatives in clean aviation technology. The WCAR initiative plans to enhance environmental sustainability while offering a platform for innovation in the aviation industry.
Greenpro Capital Corp. (NASDAQ:GRNQ) announced that its incubator company, Global Leaders Corporation (GLC), received S-1 Notice of Effectiveness from the U.S. SEC on May 25, 2021. Greenpro holds 9 million shares in GLC, which specializes in start-up advisory and corporate consulting in the Asia-Pacific Region. GLC aims to enhance management skills and efficiency through a structured three-stage consultancy approach. CEO CK Lee emphasized that GLC exemplifies Greenpro's successful incubation efforts, contributing to the professional development of businesses in Asia.
Greenpro Capital Corp. (NASDAQ:GRNQ) announced its acquisition of a limited edition series of 7,700 NFTs depicting the 1957 Sputnik launch for $16 million, paid in Ethereum. With Ethereum's price appreciating to $4,164, the company's 'mark to market' profit stands at approximately $15.9 million. CEO Dr.CK Lee projected profitability for the current quarter and full year, with NFT investments potentially doubling to $32 million within two weeks. This strategic investment emphasizes GRNQ's focus on blockchain and fintech.
Greenpro Capital Corp. (NASDAQ:GRNQ) has announced its involvement in the incubation of Angkasa-X for a Low Earth Orbit (LEO) satellite communication project. A Memorandum of Understanding (MOU) was signed with the Malaysia Penang State Government and University Science of Malaysia (USM) to develop the ASEAN Space Economy through the ASEAN-LINK satellite constellation. Greenpro owns 28 million shares of Angkasa-X and plans to list the company via IPO in 2021. Additionally, Greenpro aims to fund Angkasa-X using proceeds from its 7,700 Sputnik NFTs, currently valued at approximately $379 each.
Greenpro Capital Corp. (NASDAQ:GRNQ) has announced its acquisition of a limited edition series of 7,700 NFTs representing the 1957 Sputnik satellite launch for $16 million. The purchase was made through the issuance of 4.32 million restricted GRNQ shares and 1 million shares from Millennium Fine Art Inc. (MFAI). The NFTs are valued at 1 ETH each and are exclusive to GRNQ. This acquisition aligns with GRNQ's strategy in digital assets and blockchain technology, with plans for future corporate actions surrounding the NFT series.
Greenpro Capital Corp. (NASDAQ:GRNQ) was awarded the 'Achievement and Contribution' award for its support in Malaysia's digital transformation at the SME Association's 'Platinum Business Award 2020'. CEO Dr. CK Lee expressed pride in this recognition, emphasizing the potential adoption of GreenPro AI Accounting by association members. The SME Association's Vice President noted that the MyDigital Entrepreneur Programme greatly enhances Malaysia's Digital Transformation Masterplan. Greenpro, headquartered in Kuala Lumpur, operates as a business incubator across multiple sectors.
Greenpro Capital Corp. (NASDAQ:GRNQ) has announced a Strategic Collaboration Agreement with iBizzCloud Sdn Bhd, a cloud-based tax software company endorsed by the Inland Revenue Board of Malaysia. This partnership aims to integrate GreenPro AI Accounting with iBizzCloud's AI-Robotax to target 15,000 users, allowing clients to access government grants up to US$1,250 for digital transformation. GreenPro is recognized as a Technology Solution Provider by the Malaysia Digital Economy Corporation. This collaboration is expected to enhance service offerings and cross-selling opportunities for both companies.
Greenpro Capital Corp. (NASDAQ:GRNQ) has announced its plans to incubate a Low Earth Orbit (LEO) satellite communication venture in Malaysia, targeting the Southeast Asia region. The initiative aims to provide internet access to approximately 335 million people in rural areas with limited connectivity. Partnerships have been established with global technology firms, local universities, and state governments. The launch of the first test satellite is planned for the coming months, contributing to e-commerce and infrastructure development across the region.
Greenpro Capital Corp. (NASDAQ:GRNQ) aims to transform Malaysia into a digital economy leader through its Digital Entrepreneur Programme. This initiative seeks to provide small and medium-sized enterprises (SMEs) with essential digital tools, including GreenPro AI Cloud Accounting, enabling effective business management. Targeting 9,800 SMEs, with potential revenues of US$8.6 million, the program is supported by government subsidies of up to US$1,250 per SME. Greenpro’s role as a technology solution provider underlines its commitment to facilitating Malaysia's digital transformation.
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