Greenpro Capital Corp. (NASDAQ: GRNQ) announced the completion of a strategic share exchange with AI and augmented intelligence data analytics provider Forekast Limited. The company issued 8.5 million restricted shares of common stock in exchange for an equity interest in Forekast. The transaction complies with NASDAQ listing rules and was approved by shareholders holding a majority of its voting power.
The acquisition advances Greenpro's strategy to expand AI-enabled financial platforms and digital finance offerings. Forekast contributes approximately $21 million in annual revenue and $1.6 million in EBITDA. Greenpro plans to integrate Forekast's analytics and machine learning capabilities across its advisory services, ESG initiatives and digital platform infrastructure.
Headquartered in Kuala Lumpur and a Nevada corporation, Greenpro Capital Corp. (NASDAQ: GRNQ) is a business incubator with strategic offices across Asia. With a diversified business portfolio comprising finance, technology, banking, and Green-X for STOs, health and wellness, Greenpro has been assisting businesses and high-net-worth individuals to capitalize and securitize their value globally. This is done through cross-border business solutions, spinoffs on major stock exchanges and accounting outsourcing services to small and medium-size businesses in Asia. The comprehensive range of services includes trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing services and tax advisory services. Greenpro also operates venture capital businesses, including business development for start-ups and high growth companies.
To view the full press release, visit https://ibn.fm/ZILLH. For more information about Greenpro Capital Corp., visit http://www.greenprocapital.com.
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