Greenpro Capital Corp. (NASDAQ: GRNQ) announced the completion of a strategic share exchange with Forekast Limited, an AI and augmented intelligence data analytics provider. Under the terms of the deal, Greenpro issued 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.
The acquisition is a significant step in Greenpro's strategy to expand its AI-enabled financial platforms and digital finance offerings. Forekast contributes approximately $21 million in annual revenue and $1.6 million in EBITDA to Greenpro's portfolio. 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 incorporated in Nevada, is a business incubator with strategic offices across Asia. Its diversified business portfolio includes finance, technology, banking, and Green-X for STOs, health and wellness. With 30 years of experience in various industries, Greenpro assists businesses and high-net-worth individuals in capitalizing and securitizing 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.
This transaction marks a pivotal moment for Greenpro as it seeks to leverage AI to enhance its cross-border business services, which include trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing services, and tax advisory services. The company also operates venture capital businesses, focusing on business development for start-ups and high-growth companies.
For more information about Greenpro Capital Corp., visit the company's website at http://www.greenprocapital.com. The full press release is available at https://ibn.fm/ZILLH.
