KUALA LUMPUR, MALAYSIA / ACCESSWIRE / October 25, 2021 / Greenpro Capital Corp. (NASDAQ: GRNQ) announced today that its incubated company, Angkasa-X, has been successfully admitted as a member of the ITU-R, is applying to launch its satellites into low earth orbit (LEO). ITU is a specialized agency of the United Nations which manages space telecommunications.
In initiating the process of obtaining low earth orbit to launch its LEO satellites in the coming months, Angkasa-X has signed a financial advisory agreement with BOA Investment Services Limited, a wholly-owned subsidiary of Bank of Asia (“BOA ”), To appoint BOA as a long-term financial partner to raise funds for Angkasa-X to set up ASEANLINK LEO Satellite Constellations.
Greenpro owns 28 million shares of Angkasa-X and plans to list the company via an IPO on a US stock exchange in the coming months.
CEO of Greenpro, Dr Lee said: “We are proud that Angkasa-X is on its way to becoming a SpaceTech unicorn with its vision aligned with the United Nations SDGs, to provide satellite connectivity services to serve the massive 670 million people of Asia. from the Southeast. “
ANGKASA-X is a technology and social inclusion company that strives to provide internet connectivity as a necessity for the betterment of humanity. It consists of a group of companies investing in research and development, creation of intellectual property, procurement of technologies and components, assembly-integration testing, launch and maintenance of advanced satellites in orbit. low terrestrial (LEO). By offering innovative satellite as a service (SaaS) to ASEAN countries. Angkasa-X’s mission is to provide satellite Internet connectivity and other services to remote rural areas in ASEAN countries and neighboring countries to establish the ASEAN space economy through the formation of ASEANLINK LEO Constellation Satellites. Angkasa-X plans to raise funds in the global capital market to invest and operate ASEANLINK LEO Satellite Constellation. She aspires to be a unicorn and the number one company for LEO satellite internet services in the ASEAN region. For more information about the company, please visit http://www.angkasax-innovation.com
About Greenpro Capital Corp.
Based in Kuala Lumpur, Greenpro Capital Corp. (Nasdaq: GRNQ), a Nevada-based company, with strategic offices across Asia, is a business incubator with a diverse business portfolio including finance, technology, banking, CryptoSx for STOs, health and welfare and fine. art. With 30 years of experience in various industries, Greenpro has helped and supported high net worth businesses and individuals to capitalize and securitize their value globally through the provision of cross border business solutions, spillover to major exchanges and services outsourcing of accounting to small and medium-sized companies located in Asia. The full range of cross-border business services includes, but is not limited to, trust and wealth management, listing advisory services, transaction services, cross-border business solutions, case management services, investment banking services. ‘outsourcing of accounting and tax advisory services. We also operate venture capital activities, including business development for start-ups and high growth companies, spanning finance, technology, FinTech, health and wellness. For more information about the Company, please visit http://www.greenprocapital.com.
This press release contains forward-looking statements, in particular with regard to, among other things, the business plans of the Company, statements relating to objectives, plans and projections concerning the financial position and the commercial strategy of the Company. The words or expressions “plans”, “would”, “will allow”, “the intention of”, “may result”, “should”, “continue”, “anticipates”, “expects”, “,” “plan”, “indicate”, “could”, “potentially”, “should”, “believe”, “think”, “consider” or similar expressions are intended to identify “forward-looking statements.” These forward-looking statements are at meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by those sections. Actual results could differ materially from those projected in forward-looking statements due to a number of risks and uncertainties. These forward-looking statements are based on current expectations, involve known and unknown risks, dependence on third parties for information, transactions or orders which may be canceled , and other factors which may e ncause our actual results, performance or achievements, or the development of our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by these forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties relating to fluctuating local, regional and global economic conditions, the performance of management and our employees, our ability to achieve financing, competition, general economic conditions and other factors which are detailed in our periodic reports and on documents that we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon at any later date, and the Company specifically disclaims any obligation to update forward-looking statements to reflect unforeseen events, developments, events. or circumstances after the date of this declaration.
Gilbert Loke, Chief Financial Officer, Director
Greenpro Capital Corp.
Phone: + 852-3111 7718
Contact Dennis Burns. Investor Relations.
Phone (567) 237-4132
THE SOURCE: Greenpro Capital Corp.
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