Greenpro Capital (NASDAQ: GRNQ) announced the completion of a strategic share exchange with AI and augmented intelligence data analytics provider Forekast Limited, issuing 8.5 million restricted shares of common stock in exchange for an equity interest in Forekast. The company said the transaction complies with NASDAQ listing rules and was approved by shareholders holding a majority of its voting power.
Greenpro said the acquisition advances its strategy to expand AI-enabled financial platforms and digital finance offerings, with Forekast contributing approximately $21 million in annual revenue and $1.6 million in EBITDA. The company said it plans to integrate Forekast’s analytics and machine learning capabilities across its advisory services, ESG initiatives and digital platform infrastructure.
To view the full press release, visit https://nnw.fm/1JtrE
About GreenPro Capital Corp.
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 of finance, technology, banking, and Green-X for STOs, health and wellness as well as 30 years of experience in various industries, GreenPro has been assisting and supporting businesses and High-Net-Worth-Individuals to capitalize and securitize their value on a global scale. This is done through the provision of cross-border business solutions, spinoffs on major stock exchanges and accounting outsourcing services to small and medium-size businesses located in Asia. The comprehensive range of cross-border business services include, but are not limited to, 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.
For more information regarding the company, please visit http://www.greenprocapital.com.
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