Business
Greenpro's Incubation Company, catTHIS Obtains S-1 Effectiveness from SEC for the IPO at US Capital Market
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / February 21, 2023 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that its incubator company, catTHIS Holdings
About this update from Greenpro Capital Corp.
[{"type":"text","content":"KUALA LUMPUR, MALAYSIA / ACCESSWIRE / February 21, 2023 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that its incubator company, catTHIS Holdings Corp (\"catTHIS\") has obtained S-1 Notice of Effectiveness from the U.S. SEC on February 10, 2023. Greenpro Capital currently holds 2,000,000 shares in catTHIS.According to catTHIS Business Information Memorandum issued by Frost & Sullivan, the global marketing spending grew from USD530.6 billion in 2016 to USD618.7 billion in 2019 at a CAGR of 5.3% driven by digital segment which grew at a CAGR of 19.0% during the same period. The high growth rate recorded by the digital segment is mainly driven by marketing spending on mobile app as global mobile phone users increased from 4.9 billion people in 2016 to 5.2 billion people in 2019.Global marketing spending on traditional segment recorded a decline from USD355.4 billion in 2016 to USD323.6 billion in 2019 at a CAGR of -3.1%. Among the sub-segments of traditional marketing, prints had the highest decline rate as companies move to digital platforms for their marketing purposes.https://catthis.com/news-and-events/catthis-exclusive-interview-with-frost-sullivan-apacGreenpro CEO CK Lee said, \"catTHIS is another example of one of our successful incubation companies through our SEA Unicorn 2022 Incubation Program. The company and its creative business model are well-positioned to succeed in this global green and net zero carbon trend.\"About catTHIS Holding Corp.catTHIS is a technology company that focuses on a transformation program to make the earth a greener place to live in. The emergence of a paperless society throughout the world makes it more important for catTHIS to build an online management platform for eCatalogs and tremendously bringing down worldwide numbers of physically printed catalogs.Our leading mobile application \"catTHIS\" is a digital catalogue management platform that allows users to upload and share PDF catalogues anywhere and from any devices for free. This environmental-friendly service would significantly bring down the number of physical printed catalogues, newspaper advertisement, magazines and other printed materials. The key feature of this digital catalogue management platform is its engagement metrics, which are extremely useful for users to understand how well its catalogue is reaching their audien...