KUALA LUMPUR / ACCESSWIRE / April 26, 2021 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced its incubation of Angkasa-X for its Low Earth Orbit (LEO) satellite communication project. Three parties signed a Memorandum of Understanding (MOU) including the Malaysia Penang State Government and University Science of Malaysia (USM) in establishing the ASEAN Space Economy by forming the ASEAN-LINK satellite constellation.
Angkasa-X also signed a Memorandum of Agreement (MOA) with USM in the Space Technology and Satellite Engineering Talent Development Programme.
Greenpro owns 28 million shares of Angkasa-X and is planning to list the company via an IPO on a U.S. exchange by the end of 2021.
Greenpro intends to allocate and sell a portion of the 7,700 Sputnik NFTs (acquired on April 22nd) to back the Angkasa-X. https://mstokensto.medium.com/millennium-sapphire-nft-series-the-sputnik-satellite-a1c62fa49826
Greenpro CEO Dr.CK Lee said: “we are delighted to participate in establishing the ASEAN Space Economy with our revolutionary fintech model in selling NFTs and building up a technological-social inclusion unicorn company with its vision that is aligned with the United Nation’s Sustainable Development Goals (SDGs).”
The Sputnik NFTs have a value of 1 ETH each. The recent price of ETH was $2,479 resulting in a current “mark to market” profit of $379 per NFT on this investment.
Angkasa-X is a Technological-social Inclusion Company that strives to provide Internet Connectivity as a Necessity for the betterment of mankind. It consists of a group of companies investing in Research & Development, IP creation, components sourcing & testing, assembly & manufacturing, launching and maintaining state-of-the-art Low-Earth-Orbit (LEO) satellites. By offering an innovative Satellite-as-a-Service (SaaS) to countries in ASEAN, Angkasa-X’s mission is to provide internet-connectivity to rural areas in Southeast Asia where traditional terrestrial fiber network is limited and therefore improve the standard of living and aims to eradicate poverty for Asian-people living in the rural areas. Angkasa-X plans to raise fund from the global capital markets to invest and operate ASEAN-LINK LEO Satellite Constellation. It is a unicorn that aspires to be the number one go-to company for LEO satellite-based Internet services in ASEAN region.
About Greenpro Capital Corp.
Headquartered in Kuala Lumpur, Malaysia, Greenpro Capital Corp. (NASDAQ:GRNQ) (a Nevada corporation) with strategic offices across Asia, is a business incubator with a diversified business portfolio comprising finance, technology, banking, CryptoSX, a licensed crypto exchange for Securitized Token Offerings “STO’s”, health and wellness and fine art. With 30 years of experience in various industries, Greenpro has been assisting and supporting businesses and High-Net-Worth-Individuals to capitalize and securitize their value on a global scale through the provision of cross-border business solutions, spinoffs on major stock exchanges and accounting outsourcing services to small and medium-size businesses located in Asia. The comprehensive range of cross-border business services include, but are not limited to, trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing services and tax advisory services. We also operate venture capital businesses, including business development for start-ups and high growth companies, covering finance, technology, FinTech, and health and wellness. For further information regarding the company, please visit http://www.greenprocapital.com.
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SOURCE: Greenpro Capital Corp