Business
Greenpros Incubator Company Mu Global Started Trading on the OTC Markets
KUALA LUMPUR / ACCESSWIRE / November 24, 2020 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that Mu Global Holdings Limited, a company incubated by
About this update from Greenpro Capital Corp.
[{"type":"text","content":"KUALA LUMPUR / ACCESSWIRE / November 24, 2020 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that Mu Global Holdings Limited, a company incubated by Greenpro, has started trading on the OTC Markets under the trading symbol: MUGH.MUGH was incorporated under the laws of the State of Nevada on June 4, 2018, and whose principal activities are in beauty and wellness offering customers a wide range of trusted non-surgical spa services and quality spa care products. The services and products are designed to improve the health, immune system and bodily functions of the users. The Company aims to promote improved overall health and beauty in our clients through a holistic detoxification method.GreenPro Venture Capital Limited, a wholly owned subsidiary of Greenpro Capital Corp., owns 2,165,000 shares of MUGH.Greenpro CEO CK Lee said, \"MUGH is another example of our successful incubation program. We look forward to the watching this company successfully grow their business.\"About Mu Global Holding LimitedMU Global Holding Limited, a US Company, operates through its wholly owned subsidiary, MU Worldwide Group Limited, a Seychelles Company; which operates through its wholly owned subsidiary, MU Global Holding Limited, a Hong Kong Company; which operates through its wholly owned subsidiary, MU Global Health Management (Shanghai) Limited, a Shanghai Company.Since our establishment, the Company has been focusing to expand in the Chinese market, with other countries also under consideration as target destinations. As an emerging industry in China, the beauty and wellness industry is still in the early stage there is a huge potential for the industry to grow significantly. According to the report published by the Chinese State Department, the beauty and wellness industry of the country is expected to reach the market in China valuing at 8 trillion Chinese Yuan by 2020, accounting for 6.5% of the country's Gross Domestic Product (GDP).China has large territory, population, diverse ethnicity and cultural background. As such, it has resulted in different consumer orientations in different cities and townships across the country, therefore, it is particularly challenging to tackle the consumer market with a single business model.The advance in technological development and rise in use of technology in marketing has also intensified the com...