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.
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.
Greenpro Capital Corp. (NASDAQ:GRNQ) has announced its plans to incubate a Low Earth Orbit (LEO) satellite communication venture in Malaysia, targeting the Southeast Asia region. The initiative aims to provide internet access to approximately 335 million people in rural areas with limited connectivity. Partnerships have been established with global technology firms, local universities, and state governments. The launch of the first test satellite is planned for the coming months, contributing to e-commerce and infrastructure development across the region.
Greenpro Capital Corp. (NASDAQ:GRNQ) aims to transform Malaysia into a digital economy leader through its Digital Entrepreneur Programme. This initiative seeks to provide small and medium-sized enterprises (SMEs) with essential digital tools, including GreenPro AI Cloud Accounting, enabling effective business management. Targeting 9,800 SMEs, with potential revenues of US$8.6 million, the program is supported by government subsidies of up to US$1,250 per SME. Greenpro’s role as a technology solution provider underlines its commitment to facilitating Malaysia's digital transformation.
Greenpro Capital Corp. (NASDAQ:GRNQ) has entered into an investment agreement, committing $7,206,000 to Innovest Energy Fund, aimed at enhancing its presence in the cryptocurrency sector. The funding will be executed through the issuance of 3 million restricted shares of GRNQ. Innovest focuses on providing financial services to the institutional side of cryptocurrency and will manage GRNQ's newly announced $100 million Bitcoin fund. This strategic investment aligns with Greenpro's goals in Fintech and digital finance.
Greenpro Capital Corp. (NASDAQ:GRNQ) announced that its incubator company, SEATech Ventures Corp. (OTC Pink: SEAV), has begun trading on OTC markets. SEATech Ventures focuses on identifying and nurturing technology companies in South East Asia, aiming to develop them into future unicorns.
Greenpro is providing SEAV with advisory services, financial support, and guidance towards a public listing in the USA. GRNQ owns 10 million of SEAV's 92.5 million shares, indicating significant ownership in this new venture.
Greenpro Capital Corp. (NASDAQ:GRNQ) announced plans to establish a Bitcoin fund aimed at capitalizing on mass adoption of cryptocurrencies. The company intends to raise up to $100 million in debt during Q1 2021, alongside its own cash investment in Bitcoin. CEO CK Lee emphasized Bitcoin's potential as a stable store of value, aligning with the company's diversified business model that includes incubation, satellite, and AI accounting services. The fund will be managed through its subsidiary, CryptoSX, which operates a compliant crypto exchange in Asia.