Greenpro Cap Corp Stock Price, News & Analysis

Greenpro Capital Corp. (NASDAQ:GRNQ) announced that Mu Global Holdings Limited, incubated by Greenpro, is now trading on the OTC Markets as MUGH. Established in 2018, Mu Global focuses on beauty and wellness, offering non-surgical spa services and products aimed at enhancing health. Greenpro owns 2,165,000 shares of MUGH. Mu Global plans to expand in the significant Chinese beauty market projected to be valued at 8 trillion yuan by 2020, aiming for rapid market penetration through innovative business models.

Greenpro Capital Corp. (GRNQ) announced a binding agreement to acquire an 18% equity interest in New Business Media Sdn. Bhd. (NBM), a leading Mandarin language digital business news network in Malaysia. The acquisition involves issuing 257,591 restricted shares for this stake. This move aims to enhance Greenpro's services including company formation and asset management by leveraging NBM's client base. The acquisition awaits regulatory approval and board consent from both companies.

Greenpro Capital Corp. (NASDAQ:GRNQ) announced a collaboration with Adventure Air Race Company to promote the World Championship Air Race (WCAR), sanctioned by the FAI. The firm plans to raise US$5 million through a private placement to support WCAR events in 2021/22 across multiple countries. WCAR aims to pioneer sustainable air racing and includes innovative technologies like eVTOL aircraft. CEO CK Lee expressed excitement about enhancing GRNQ's branding and future stock exchange listing prospects.

Greenpro Capital Corp. (NASDAQ:GRNQ) announced its plans to distribute a digital asset dividend to shareholders, stemming from its crypto exchange, CryptoSX. This exchange focuses on asset tokenization and Security Token Offerings (STOs). In alignment with SEC compliance, the company is preparing to securitize its trading platform and offer a direct stake in the venture to shareholders. Additionally, Greenpro recorded a dividend of 1 DQWS share for every 5 GRNQ shares, benefiting those on record as of September 30, 2020.

Greenpro Capital Corp. (NASDAQ:GRNQ) announced plans to incubate a venture focused on Low Earth Orbit satellite communication in Malaysia. This initiative aims to enhance internet connectivity across the ASEAN region, particularly in underserved areas such as Borneo. CEO CK Lee emphasized the project’s potential to boost local economies through improved infrastructure and e-commerce capabilities. Additionally, Greenpro plans to collaborate with SEATech Ventures Corp, in which it holds a significant stake. The company recently issued a dividend of 1 DQWS share for every 5 GRNQ shares.

Greenpro Capital Corp. (NASDAQ:GRNQ) announced a dividend distribution of 12 million shares of D'Swiss, Inc. (DQWS) to its shareholders of record as of September 30, 2020. Shareholders must hold their shares through October 1, 2020, to qualify. With DQWS shares closing at $8.50, this dividend is valued at approximately $102 million. This distribution reflects GRNQ's ownership of 27 million shares of DQWS. Future dividends from other incubated companies are also planned, underscoring GRNQ's commitment to shareholder value.

Greenpro Capital Corp. (NASDAQ:GRNQ) has provided shareholders with an update about its business operations, particularly the CryptoSX digital assets exchange. This platform enables asset tokenization and security token offerings (STOs). CryptoSX is compliant with the Philippine government's regulations and holds a Full Principal License from CEZA. Greenpro also plans to expand its decentralized finance (DeFi) services. Additionally, shareholders will receive a dividend of 1 DQWS share for every 5 GRNQ shares held by September 30, 2020, as the company aims to enhance financial performance and company growth.

DSwiss, Inc, a biotech-nutraceutical firm, announced its entry into direct-to-consumer DNA testing, targeting a 380,000 genetic database. The company aims for potential revenue of USD80 million from a market size of 38 million individuals. DSwiss, incubated by Greenpro Capital Corp (GRNQ), is offering an affordable DNA test that provides personalized health insights. A 1-for-5 dividend of DQWS shares for GRNQ shareholders is set for September 30, 2020. CEO Vincent Leong emphasized growth during the pandemic and plans to up-list to a mainboard exchange in 2021.

Greenpro Capital Corp. (NASDAQ: GRNQ) updated shareholders on August 24, 2020, regarding its diverse business activities. The company, operating across various sectors including finance and technology, announced a dividend of 1 DQWS share for every 5 GRNQ shares for shareholders of record on September 30, 2020, valued at $102 million. The incubated company, DQWS, has shown strong performance during the pandemic and plans to up-list to a major exchange in 2021. CEO CK Lee expressed confidence in further dividends from other incubated companies going forward.