Greenpro Cap Corp Stock Price, News & Analysis

Greenpro Capital Corp. (NASDAQ:GRNQ) CEO Dr. CK Lee has announced plans for CryptoSX to become the leading Security Token Offering (STO) exchange by the end of 2021. Established in 2018, CryptoSX has secured a Full Principal License from the Philippines' CEZA. The platform aims to facilitate efficient funding for startups through STOs, positioning itself as a regulatory-compliant alternative to traditional fundraising. With an 18% equity stake in CryptoSX's parent company, Greenpro anticipates significant growth and value from this investment as part of its broader digital finance goals.

Greenpro Capital Corp. (NASDAQ:GRNQ) has announced a partnership with IHTHS Corporation to develop a Shariah Compliant Digital Finance & Economic Zone in Brunei. This initiative supports the BIMP-EAGA vision for innovation-based growth and is expected to create a robust digital ecosystem for over 1.9 billion Muslims worldwide. Key features include new offshore company rules and digital asset trading regulations, enhancing capital opportunities for businesses in various industries. Greenpro will serve as the Chief Architect of the project, aiming to meet the growing demand for Shariah compliant products.

GreenPro Capital Corp. (NASDAQ:GRNQ) has announced its digital transformation roadmap aimed at achieving a digital economy by 2023. The roadmap emphasizes the significance of digital finance in enhancing efficiency and streamlining financial processes. Key acquisitions include Millennium Sapphire and a stake in Ata Plus, along with investments in Innovest Energy Fund focused on cryptocurrency. The company plans to improve various intelligence services, including digital banking and compliance, while supporting emerging growth businesses in these sectors.

Greenpro Capital Corp. (NASDAQ:GRNQ) announced a $5 million initial investment fund for participation in Security Token Offerings (STOs) on CryptoSX Digital Asset Exchange. The initiative aims to identify lucrative investment opportunities across various sectors such as energy storage, health, decentralized finance, and metal extraction technology. Additionally, CryptoSX has successfully listed six STOs since 2019 and plans for nine more in late 2021. This strategic move is expected to enhance shareholder value without waiting for IPO events.

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.