Business
Greenpro Intends to Incubate a Satellite Communication Venture
KUALA LUMPUR / ACCESSWIRE / October 5, 2020 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that it intends to incubate a Low Earth Orbit satellite
About this update from Greenpro Capital Corp.
[{"type":"text","content":"KUALA LUMPUR / ACCESSWIRE / October 5, 2020 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that it intends to incubate a Low Earth Orbit satellite communication venture based in Malaysia to cover the ASEAN region.This new company will provide internet connectivity via satellite for the South East Asia region. The vision is to provide internet access to areas and places where traditional internet connectivity is scarce with no fiber or 5G available. Borneo and other such remote islands would benefit tremendously with this service with our future Low Earth Orbit, \"LEO\" satellite connectivity.CEO CK Lee said: \"we are excited by the potential to bring internet connectivity to rural areas and help provide the infrastructure to drive e-commerce transactions and development along with cloud based data-centers for the local economies. We will be working closely with SEATech Ventures Corp to move this critical communications project forward.\"The Company has been incubating many ventures and will incubate this project along with SEATech Ventures Corp, an OTC quoted company. GRNQ and the group of companies own 40 million shares of SEATech Ventures Corp out of 92.5 million shares issued.Other Company EventsGreenpro recently recorded a dividend of 1 DQWS share for every 5 GRNQ shares for shareholders of record on September 30, 2020. Shareholders who qualified for this dividend will receive their shares directly into their brokerage account automatically. The Company transfer agent Vstock is handling this distribution.About SEATech Ventures Corp.Headquartered in Kuala Lumpur, Malaysia, SEATech Ventures Corp. (OTC PINK:SEAV) (a Nevada corporation) aspires to nurture and incubate emerging growth technology companies in South East Asia that aim to become tomorrow's Asia unicorns. SEATech is an incubation platform, pools together talents that are equipped with technical, market developmental and financial expertises. We provide mentoring and consultancy on growth strategy through business combination and integration for companies to expand their business across Asia. We advise companies to monetize, capitalize and securitize their businesses by providing funding strategy which includes equity crowd funding, private-placement and go public. With a vast experience in business and ventures, our key management team possess the business ac...