Greenpro Capital Corp. (GRNQ), a company providing financial consulting and corporate services to small and medium-sized businesses, has seen an increase of 3.11% in share price during the premarket trading session. As a result that, GRNQ stock now stands at $0.98. In Friday’s trading session, GRNQ stock gained a 3.66% increase in its share price, and hence, stood at $0.95.
MoU signed with Silkwave Holdings
On 20th of August, GRNQ stock gained an increase of 16.32% as a result of the company’s announcement that its incubator company, Angkasa-X, had signed a Memorandum of Understanding (MoU) with the world’s first satellite direct-to-mobile (DTM) multimedia broadcaster Silkwave Holdings. Both parties agreed according to MoU that they would become partners in a joint venture, carried out to develop a GEO-LEO integrated satellite Network and services platform. The partnership is meant to broaden the internet connectivity ASEAN region, via providing integrated satellite services. According to the partnership, a space technology ecosystem had to be established in the region of Penang, Malaysia. Bank of Asia was appointed by both parties as the financial advisor for the project, to raise the funding for the initiative.
GRNQ to distribute shares of common stock
On the 17th of August, GRNQ announced that it would distribute 6.6 million shares of common stock of SEATECH Ventures Corp., a company particularly helping out ASEAN based companies to mark their presence on a global scale, to GRNQ’s shareholders of record on August 31, 2021. The most recent closing price of SEATECH was $2.08, and that depicted a dividend value of $13.7 million to the shareholders of GRNQ. In total, the company owns 10 million of the shares of SEATECH. CEO GRNQ Mr. CK Lee said on the occasion that the company was planning to obtain more dividends from other companies, which GRNQ was attempting to incubate, in the future.
GRNQ CEO’s interview
On the 10th of August, CEO of GRNQ, Mr. CK Lee said that he plans of making the Digital Asset Exchange platform CryptoSX to be among the leading STO Exchange before the end of 2021. He said that during an interview with the financial news platform. Mr. Lee highlighted that CryptoSX would lead GRNQ to enter into a new era of digital financing, and a gradual transformation in that regard is inevitable. CryptoSX is the flagship of GreenPro’s New Digital Finance Ecosystem and was initiated in 2018. It’s among one of the leading Security Token Exchanges existing in Asia. Mr. Lee hoped that under the new arrangements introduced by the company, CryptoSX and GreenPro would synergize, and that would lead to the creation of a revolutionary digital asset market.
What lies ahead for GRNQ?
Based on the current statistics, it could be said with confidence that GRNQ stock is among the best stocks to invest in in near future. The innovative strategies adopted by the company’s leadership are greatly compatible with the investors’ interest in innovative companies. So, potential investors should keenly observe the fluctuations of GRNQ stock.
