Greenpro Cap Corp Stock Price, News & Analysis

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.

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.