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Greenpro's Incubation Company, Angkasa-X Obtains F-1 Effectiveness from SEC for the IPO in U.S. Capital Markets
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / August 3, 2023 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that its incubator company Angkasa-X, subsequent
About this update from Greenpro Capital Corp.
[{"type":"text","content":"KUALA LUMPUR, MALAYSIA / ACCESSWIRE / August 3, 2023 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that its incubator company Angkasa-X, subsequent to its recent successful launch of A-SEANSAT-PG1 (\"PG1\") LEO satellite on June 27, 2023, has obtained F-1 Notice of Effectiveness from the U.S. SEC on August 2, 2023 with IPO price at $2.00 per share.Greenpro Capital currently holds 28,000,000 shares in Angkasa-X. Angkasa-X was awarded the Space Technology Innovator under Special Recognition Award during PIKOM's Unicorn Tech Awards Night held on July 27, 2023 in Kuala Lumpur, Malaysia. This award honors organizations that have played a pivotal role in the development of the tech sector and are recognized for their contributions, achievements, or breakthroughs in the fields.Angkasa-X will provide LEO satellite-based Internet services in ASEAN, an area covering 680 million people. Morgan Stanley estimates that the global space industry could generate revenue of more than $1 trillion or more in 2040, up from $350 billion, currently. Yet, the most significant short and medium-term opportunities may come from satellite broadband Internet access, which will be provided by Angkasa-X.Greenpro CEO, Dr. CK Lee said, \" Angkasa-X is another example of one of our successful incubation companies, and 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 680 million Southeast Asia mass populations.\"About Angkasa-X:ANGKASA-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 namely 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 ...