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Greenpro Incubated Company Angkasa-X Filed Form F-1 for IPO in the US Capital Market After Obtaining Licenses from Malaysia Regulator and Filing to ITU for LEO Satellite Communication Services
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / November 18, 2022 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that its incubated company Angkasa-X, filed
About this update from Greenpro Capital Corp.
[{"type":"text","content":"KUALA LUMPUR, MALAYSIA / ACCESSWIRE / November 18, 2022 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that its incubated company Angkasa-X, filed form F-1 Registration Statement for IPO in the US capital market.Angkasa-X obtained Network Facilities Providers (\"NFP\") and Network Service Providers (\"NSP\") licenses from Malaysia Regulator and filed for Advance Publication Information (\"API\") approval for the spectrum and frequencies of the proprietary design LEO Satellite to International Telecommunication Union (\"ITU\").https://www.sec.gov/ix?doc=/Archives/edgar/data/1903709/000149315222032360/formf-1.htmGreenpro owns 28 million shares in Angkasa-X and has been awarded as Top 10 Satellite Solutions Providers in APAC by US-based reputable space industrial magazine, \"Aerospace & Defense Review\".https://www.aerospacedefensereview.com/vendor/angkasax-revolutionizing-leo-satellites-to-cut-through-the-digital-divide-cid-571-mid-53.htmlAccording to the SpaceTech Industry September 2021 (Q3) Analytic Report, the global SpaceTech economy is constantly growing and valued at $4.7 trillion in 2021, and it will further grow to $10 trillion by 2030. The investment for SpaceTech economy in East Asia region has achieved $35 billion in 2021.Greenpro CEO, Dr. CK Lee said, \"We are proud that Angkasa-X is set to become a SpaceTech Unicorn with its vision aligned with the United Nations SDGs, to provide satellite connectivity services to serve the 670 million Southeast Asia mass populations.\"About ANGKASA-XANGKASA-X, a multi awards winning global company, is a Technological-social Inclusion Company with a vision of creating a world where connectivity is a basic, affordable necessity for the betterment of mankind. It consists of a group of companies investing in research & development, IP creation, components sourcing, assembly, integration & testing (AIT), launching and maintaining state-of-the-art Low-Earth-Orbit (\"LEO\") satellites. Our mission is to provide various satellite connectivity and services to the countries in ASEAN and establish ASEAN Space Economy via the formation of two LEO satellites constellations (A-SEANLINK and A-SEANSAT) with the end goal of eradicating poverty and improving living standards, especially for those living in the remote rural areas.ANGKASA-X's vision is in-line with the United Nation's Sustainab...