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 a merger between its wholly owned Green-X Corp and CryptoSX to develop the world's largest Security Token Offering (STO) platform. Green-X, a Shariah Compliant ESG Digital Asset Exchange, and CryptoSX, a pioneering digital asset exchange under the Cagayan Economic Zone Authority in the Philippines, will combine their strengths in Islamic finance, ESG investing, and digital compliance. The merger aims to enhance market access and provide diverse investment opportunities for a broader investor base, as confirmed by both companies' CEOs.
Greenpro Capital Corp. (NASDAQ:GRNQ) announced that its incubator company, catTHIS Holdings Corp, received the S-1 Notice of Effectiveness from the U.S. SEC on February 10, 2023. Greenpro holds 2,000,000 shares in catTHIS, a technology firm focused on creating a paperless society through its digital catalogue management platform. The global marketing spending increased from USD530.6 billion in 2016 to USD618.7 billion in 2019, with digital marketing growing at CAGR of 19.0%. CEO CK Lee highlighted catTHIS's potential in the green market, emphasizing the shift from traditional to digital marketing.
Greenpro Capital Corp. (NASDAQ:GRNQ) announced that its incubator company, JOCOM Holdings Corp, received an S-1 Notice of Effectiveness from the U.S. SEC on December 19, 2022. Greenpro holds 1,500,000 shares in JOCOM, a Malaysian firm providing data analytic services for e-commerce. JOCOM's AI Smart Platform enhances customer insights and logistics efficiency. Planned developments include a comprehensive m-commerce platform targeting Southeast Asia. CEO CK Lee emphasized JOCOM's potential for success in the recovering global economy.
Greenpro Capital Corp. (NASDAQ:GRNQ) announced its receipt of the APEC Enterprise Award from the SME Association of Malaysia during the Platinum Business Awards 2022. This recognition highlights Greenpro's role in supporting SMEs through innovative financing solutions and fundraising methods.
The launch of Green-X, the first Shariah Compliant ESG Digital Asset Exchange, aims to assist small and medium entrepreneurs in accessing regulated fundraising platforms and promoting financial inclusivity. The company anticipates significant interest from international issuers aligning with ESG trends.
Greenpro Capital Corp. (NASDAQ:GRNQ) announced that its incubated company, Angkasa-X, has filed an F-1 Registration Statement for an IPO in the US. Angkasa-X has secured both Network Facilities Providers and Network Service Providers licenses from Malaysia's regulators and is in the process of obtaining approval from the International Telecommunication Union for its LEO satellite's spectrum. Greenpro holds 28 million shares in Angkasa-X, which has been recognized as one of the Top 10 Satellite Solutions Providers in APAC. The global SpaceTech economy is projected to grow from $4.7 trillion in 2021 to $10 trillion by 2030.
Greenpro Capital Corp. (NASDAQ:GRNQ) announced its incubation company, Celmonze, intends to go public in the U.S. Capital Market in 2023. Operating since 2000, Celmonze focuses on skincare and beauty in Malaysia and Singapore, with five research labs globally and over 80 outlets. They aim to grow to 200 outlets across ASEAN. The ASEAN cosmeceuticals market is projected to grow from USD 5.70 billion in 2021 to USD 14.75 billion by 2028, showcasing significant growth potential.
Greenpro Capital Corp. (NASDAQ:GRNQ) has reaffirmed its commitment to a social value corporate strategy aligned with the Value-based Intermediation (VBI) principles in Malaysia. This initiative aims to foster economic development and provide technology solutions within Islamic Finance, contributing to a total VBI-related financing of US$ 17.5 billion serving over 375,000 accounts from 2020-2021. The company anticipates growth in the digital asset market, particularly through its Shariah Compliant ESG Digital Asset Exchange, Green-X, in partnership with Labuan IBFC.
Greenpro Capital Corp. (NASDAQ:GRNQ) launched the world's first Shariah-Compliant ESG Digital Asset Exchange, Green-X, authorized by Malaysia's Labuan Financial Services Authority. The exchange aims to attract at least 10 token issuers by year-end, tapping into the growing asset tokenization market projected to reach US$16.1 trillion by 2030. Greenpro's CEO expressed confidence in positioning Green-X as a leading Security Token Offering (STO) platform, aligning with trends in ESG and Halal economies.
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