Greenpro Capital Corp. (NASDAQ: GRNQ) announced the completion of a strategic share exchange with AI and augmented intelligence data analytics provider Forekast Limited. Under the agreement, Greenpro issued 8.5 million restricted shares of common stock in exchange for an equity interest in Forekast. The company noted that the transaction complies with NASDAQ listing rules and was approved by shareholders holding a majority of its voting power.
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, according to Greenpro. 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, is a business incubator with strategic offices across Asia. The company's diversified portfolio includes finance, technology, banking, Green-X for STOs, and health and wellness. With 30 years of 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 to small and medium-sized businesses in Asia.
Forekast's AI capabilities are expected to bolster Greenpro's offerings in trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing, and tax advisory services. The integration also supports Greenpro's venture capital businesses, including business development for startups and high-growth companies.
For more details, the full press release is available at https://ibn.fm/ZILLH. More information about Greenpro Capital can be found at http://www.greenprocapital.com.
