Welcome to our dedicated page for Greenpro Cap news (Ticker: GRNQ), a resource for investors and traders seeking the latest updates and insights on Greenpro Cap stock.
Greenpro Capital Corp. provides cross-border business solutions, listing advisory, record management, accounting outsourcing, tax advisory, trust and wealth management services to small and medium-sized businesses in Asia. Its recurring news also covers venture capital activity and the company's digital finance strategy through GreenX, a wholly owned Shariah-compliant ESG digital asset exchange licensed by the Labuan Financial Services Authority in Malaysia.
Company updates commonly address GreenX ecosystem launches, RWA tokenization and ESG finance initiatives, AI-enabled platform expansion through the completed Forekast stake acquisition, private capital actions, Nasdaq listing compliance and regional business development activity across Southeast Asia and East Asia.
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Greenpro Capital Corp. (Nasdaq:GRNQ) announced the launch of its Greenpro A.I. Accounting Solution for small and medium enterprises (SMEs). This innovative solution utilizes A.I. technology on the IBM Cloud, aiming to deliver a simple, efficient, and cost-effective accounting service. With over 500 clients in Hong Kong and recognition as the 'Leader of Innovation 2019', the product shows significant market acceptance. Greenpro has successfully raised RM 504,750 (US$124,938) through crowdfunding and received support from the Malaysian government to aid in digital transformation for SMEs.
Greenpro Capital Corp. (NASDAQ:GRNQ) has announced that its incubator, Global Leaders Corporation (GLC), has filed a registration statement on Form S-1 with the US SEC. GLC, based in Hong Kong, focuses on providing advisory and consulting services to start-ups in the Asia-Pacific region. It employs a three-stage consultancy approach: Diagnosis, Execution of Solutions, and Follow-up. CEO CK Lee highlighted GLC as a successful incubation example, emphasizing its role in skill development for businesses in Asia.
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.