Greenpro Capital Corp. (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 transaction complies with NASDAQ listing rules and was approved by shareholders holding a majority of its voting power, according to the company.
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.
Greenpro Capital, headquartered in Kuala Lumpur and a Nevada corporation, is a business incubator with strategic offices across Asia. The company has a diversified business portfolio comprising finance, technology, banking, Green-X for STOs, health and wellness, and over 30 years of experience in various industries. Greenpro assists businesses and high-net-worth individuals to capitalize and securitize their value on a global scale through cross-border business solutions, spinoffs on major stock exchanges, and accounting outsourcing services to small and medium-size businesses in Asia. Its services include trust and wealth management, listing advisory, transaction services, cross-border business solutions, record management, accounting outsourcing, and tax advisory. Greenpro also operates venture capital businesses for start-ups and high-growth companies.
This strategic move is significant as it marks Greenpro's entry into AI-driven analytics, potentially enhancing its service offerings and competitive edge. Forekast's revenue and EBITDA contributions could strengthen Greenpro's financials and support future growth. For more details, visit the full press release at https://ibn.fm/ZILLH.
Greenpro Capital Corp. trades on NASDAQ under the symbol GRNQ. More information about the company can be found at http://www.greenprocapital.com.
This announcement underscores the growing trend of integrating AI into financial services, and Greenpro's move could position it to capitalize on the increasing demand for data-driven advisory and digital finance solutions.
