Greenpro Capital Corp. (NASDAQ: GRNQ) announced the completion of a strategic share exchange with AI and augmented intelligence data analytics provider Forekast Limited. The company issued 8.5 million restricted shares of common stock in exchange for an equity interest in Forekast. The transaction complies with NASDAQ listing rules and was approved by shareholders holding a majority of its voting power.
This acquisition advances Greenpro's strategy to expand AI-enabled financial platforms and digital finance offerings. Forekast contributes approximately $21 million in annual revenue and $1.6 million in EBITDA. Greenpro plans to integrate Forekast's analytics and machine learning capabilities across its advisory services, ESG initiatives, and digital platform infrastructure.
Headquartered in Kuala Lumpur and incorporated in Nevada, Greenpro Capital is a business incubator with strategic offices across Asia. The company offers cross-border business solutions, spinoffs on major stock exchanges, and accounting outsourcing services to small and medium-size businesses in Asia. Its services include trust and wealth management, listing advisory, transaction services, and tax advisory. Greenpro also operates venture capital businesses, supporting start-ups and high-growth companies.
For more information about Greenpro Capital, visit http://www.greenprocapital.com. For the full press release, visit https://ibn.fm/ZILLH.
