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 agreement, Greenpro issued 8.5 million restricted shares of common stock in exchange for an equity interest in Forekast. The company confirmed that the transaction complies with NASDAQ listing rules and was approved by shareholders holding a majority of its voting power.
This acquisition aligns with 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, providing a substantial boost to Greenpro's financial profile. The company 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, operates as a business incubator with strategic offices across Asia. Its diversified portfolio includes finance, technology, banking, and health and wellness services. With 30 years of industry experience, Greenpro assists businesses and high-net-worth individuals in capitalizing and securitizing their value globally through cross-border business solutions, spinoffs on major stock exchanges, and accounting outsourcing services for small and medium-sized enterprises in Asia.
The company's services encompass trust and wealth management, listing advisory, transaction services, cross-border business solutions, record management, accounting outsourcing, and tax advisory. Greenpro also runs venture capital operations focused on business development for startups and high-growth companies.
For more information, visit http://www.greenprocapital.com.
To view the full press release, visit https://ibn.fm/ZILLH.
