Greenpro Capital Corp. (NASDAQ: GRNQ), a business incubator headquartered in Kuala Lumpur and incorporated in Nevada, announced the completion of a strategic share exchange with Forekast Limited, an AI and augmented intelligence data analytics provider. The transaction involved Greenpro issuing 8.5 million restricted shares of common stock in exchange for an equity interest in Forekast. The company stated that the transaction complies with NASDAQ listing rules and was approved by shareholders holding a majority of its voting power.
Forekast contributes approximately $21 million in annual revenue and $1.6 million in EBITDA to Greenpro. The acquisition is part of Greenpro's strategy to expand AI-enabled financial platforms and digital finance offerings. Greenpro plans to integrate Forekast's analytics and machine learning capabilities across its advisory services, ESG initiatives, and digital platform infrastructure. This move is expected to enhance Greenpro's ability to provide cross-border business solutions, spinoffs on major stock exchanges, and accounting outsourcing services to small and medium-size businesses in Asia.
Greenpro Capital operates a diversified business portfolio comprising finance, technology, banking, Green-X for STOs, health and wellness, and has 30 years of experience across various industries. The company assists businesses and high-net-worth individuals in capitalizing and securitizing their value on a global scale. Its services include trust and wealth management, listing advisory, transaction services, cross-border business solutions, record management, accounting outsourcing, and tax advisory. Greenpro also runs venture capital businesses, focusing on business development for start-ups and high-growth companies.
For more information about Greenpro Capital, visit http://www.greenprocapital.com. The full press release can be viewed at https://ibn.fm/ZILLH.
