Greenpro Capital Corp.
NasdaqCM:GRNQ
$ 1.22
$-0.02 (-1.61%)
$ 1.22
$-0.02 (-1.61%)
End-of-day quote: 05/17/2024

Greenpro Capital Stock

About Greenpro Capital

Greenpro Capital Corp. (Greenpro) operates and provides a wide range of business solution services to small and medium-size businesses located in South-East Asia and East Asia, with an initial focus on Hong Kong, China and Malaysia, and subsequently in Thailand and Taiwan. Greenpro Capital share price history

The company's comprehensive range of services includes cross-border business solutions, record management services, and accounting outsourcing services. The company's cross-border business services include, among other services, tax planning, trust and wealth management, cross border listing advisory services and transaction services. As part of the cross-border business solutions, the company has developed a package solution of services ('Package Solution') that can reduce business costs and enhance revenues.

The company also operates a venture capital business through Greenpro Venture Capital Limited, an Anguilla corporation. The company's venture capital business is focused on (1) establishing a business incubator for start-up and high growth companies to support such companies during critical growth periods, which includes education and support services, and (2) searching for investment opportunities in selected start-up and high growth companies, which the company expects can generate significant returns to the company. The company expects to target companies located in Asia, including Hong Kong, Malaysia, China, Thailand and Singapore. The company anticipates its venture capital business will also engage in the purchase or lease of commercial properties in the same Asian region.

The company operates two reportable business segments:

Service Business - This segment engages in the provision of corporate advisory and business solution services.

Real Estate Business - This segment engages in trading or leasing of commercial real estate properties in Hong Kong and Malaysia. Greenpro Capital share price history

Services

The company provides a range of services to its clients as part of the Package Solution that the company has developed. The company's clients can enhance their revenues by utilizing the company's Package Solution.

Cross-Border Business Solutions/Cross-Border Listing Solutions

The company provides a full range of cross-border services to small to medium-sized enterprises (SMEs) to assist them in conducting their business effectively. The company's 'Cross-Border Business Solution' includes the following services:

Advising clients on company formation in Hong Kong, the United States, the British Virgin Islands and other overseas jurisdictions;

Assisting companies to set up bank accounts with banks in Hong Kong to facilitate clients' banking operations;

Providing bank loan referral services;

Providing company secretarial services;

Assisting companies in applying for business registration certificates with the Inland Revenue Department of Hong Kong;

Providing corporate finance consulting services;

Providing due diligence investigations and valuations of companies;

Advising clients regarding debt and company restructurings;

Providing liquidation, insolvency, bankruptcy and individual voluntary arrangement advice and assistance;

Designing a marketing strategy and promoting the company's business, products and services;

Providing financial and liquidity analysis;

Assisting in setting up cloud invoicing systems for clients;

Assisting in liaising with investors for the purposes of raising capital;

Assisting in setting up cloud inventory systems to assist clients to record, maintain and control their inventories and track their inventory levels;

Assisting in setting up cloud accounting systems to enable clients to keep track of their financial performance;

Assisting clients in payroll matters operated in the company's cloud payroll system;

Assisting clients in tax planning, preparing the tax computation and making tax filings with the Inland Revenue Department of Hong Kong;

Cross-border listing advisory services, including but not limited to, the United States, the United Kingdom, Hong Kong, and Australia;

International tax planning in China;

Advising on Trust and wealth management;

Providing an online equity crowd funding platform to assist small to medium sized enterprises (SMEs) to access funding through its platform;

Providing crypto currency trading and digital asset exchange services;

Providing a capital market focused portal to browse business markets or corporate news;

Providing big data and focusing on artificial intelligence (AI) to provide financial services;

Providing financial technology (FinTech) services; and

Transaction services.

The company sees tremendous opportunity to the extent that this trend continues worldwide. With respect to cross border listing advisory services, the company is assisting private companies in their desire to list and trade on public exchanges, including the U.S. NASDAQ and OTC Markets. The Jumpstart Our Business Startups Act, or JOBS Act, signed in 2012, eases the initial public offering ('IPO') process for 'emerging growth companies' and reduces their regulatory burden, (2) improves the ability of these companies to access capital through private offerings and small public offerings without SEC registration, and (3) allows private companies with a substantial shareholder base to delay becoming a public reporting company.

Through the company's cross-border listing advisory services, the company seeks to form the bridge between these companies seeking to conduct their IPO (or in some cases, self-directed public offerings), and their goal of becoming a listed company on a recognized U.S. national exchange, such as NASDAQ and the NYSE.

While there are several alternatives for companies seeking to go public and trade on the U.S. OTC markets, the company primarily focuses on three methods: Registration Statement on Form S-1, Regulation A+ offering, and The Form 10 shell company.

The manner in which the OTC markets are structured provides companies the ability to 'uplist' in the marketplace as they provide better transparency. These OTC markets include:

OTCQX Best Marketplace: offers transparent and efficient trading of established investor-focused U.S. and global companies.

OTCQB Venture Marketplace: for early-stage and developing U.S. and international companies that are not yet able to qualify for OTCQX.

OTC Pink Open Marketplace: offers trading in a wide spectrum of securities through any broker. With no minimum financial standards, this market includes foreign companies that limit their disclosure, penny stocks and shells, as well as distressed, delinquent, and dark companies not willing or able to provide adequate information to investors.

The company acts as a case reference for its clients, as the company originally had its shares quoted in the OTC markets and subsequently 'uplisted' to The Nasdaq Stock Market LLC., a U.S. national securities exchange.

The company's plan is to bundle its Cross-Border Business Solution services with the company's cloud accounting solutions and Accounting Outsourcing Services described below.

Accounting Outsourcing Services

The company intends to develop relationships with professional firms from Hong Kong, Malaysia, China, and Thailand that can provide company secretarial, business centers and virtual offices, book-keeping, tax compliance and planning, payroll management, business valuation, and wealth management services to the company's clients. The company intends to include local accounting firms within this network to provide general accounting, financial evaluation and advisory services to the company's clients. The company's expectation is that firms within the company's professional network will refer their international clients to the company that may need its book-keeping, payroll, company secretarial and tax compliance services. This accounting outsourcing service arrangement will be beneficial to the company's clients by providing a convenient, one-stop firm for their local and international business and financial compliance and governance needs.

Venture Capital Business Segment

Venture Capital Investment

As a result of the company's acquisition of Greenpro Venture Capital Limited ('GVCL') in 2015, the company entered a venture capital business in Hong Kong with a focus on companies located in South-East Asia and East Asia, including Hong Kong, Malaysia, China, Thailand and Singapore. The company's venture capital business is focused on establishing a business incubator for start-up and high growth companies to support such companies during critical growth periods; and investment opportunities in select start-ups and high growth companies.

The company intends for its business incubators to provide valuable support to young, emerging growth and potential high growth companies at critical junctures of their development. For example, the company's incubators will offer office space at a below market rental rate. The company will also provide its expertise, business contacts, introductions, and other resources to assist their development and growth. Depending on each individual circumstance, the company may also take an active advisory role in the company's venture capital companies, including board representation, strategic marketing, corporate governance, and capital structuring. There will be potential investment opportunities for the company in these start-up companies.

The company's business processes for its investment strategy in select start-up and high growth companies are as follows:

Step 1. Generating Deal Flow: The company expects to actively search for entrepreneurial firms and to generate deal flow through the company's business incubator and the personal contacts of the company's executive team. The company also anticipates that entrepreneurs will approach the company for financing.

Step 2. Investment Decision: The company will evaluate, examine and engage in due diligence of a prospective portfolio company, including but not limited to product/services viability, market potential and integrity as well as capability of the management. After that, both parties arrive at an agreed value for the deal. Following that is a process of negotiation which, if successful, ends with capital transformation and restructuring.

Step 3. Business Development and Value Adding: In addition to capital contribution, the company expects to provide expertise, knowledge and relevant business contacts to the company.

Step 4. Exit: There are several ways to exit an investment in a company. Common exits are:

IPO (Initial Public Offering): The company's shares are offered in a public sale on an established securities market.

Trade sale (Acquisition): The entire company is sold to another company.

Secondary sale: The company's firm sells only part of its shares.

Buyback or MBO: Either the entrepreneur or the management of the company buys back its shares of the firm.

Reconstruction, liquidation or bankruptcy: If the project fails, the company will restructure or close down its operations.

The company's Venture Capital Related Education and Support Services.

In addition to providing venture capital services through GVCL, the company provides educational and support services that will be synergistic with the company's venture capital business. The company has arranged seminars called the CEO & Business Owners Strategic Session ('CBOSS') in Malaysia and Singapore for business owners who are interested in the following:

Developing their business globally;

Expanding business with increased capital funding;

Creating a sustainable SME business model;

Accelerating the growth of the business; or

Significantly increasing company cash flows.

Sales and Marketing

The company plans to deploy three strategies to market the Greenpro brand: leadership, market segmentation and sales management process development.

Building Brand Image: Greenpro's marketing efforts will focus on building the image of the company's extensive expertise and knowledge of the company's professionals. The company intends to conduct a marketing campaign through media visibility, seminars, webinars, and the creation of a wide variety of white papers, newsletters, books, and other information.

Market Segmentation: The company plans to devote marketing resources to highly measurable and high return on investment tactics that specifically target those industries and areas where Greenpro has particularly deep experience and capabilities. These efforts typically involve local, regional, or national trade show and event sponsorships, targeted direct mail, email, and telemarketing campaigns, and practice and industry specific micro-sites and newsletters in the Asian region.

Social Media: The company plans to begin a social media campaign utilizing blogs, Twitter, Facebook, and LinkedIn after the company secures sufficient financing. A targeted campaign will be made to the following groups of clients: law firms, auditing firms, consulting firms and small to medium-sized enterprises ('SMEs') in different industries, including biotechnology, intellectual property, information technologies and real estate.

Worldwide Wealth Wisdom Development

Worldwide Wealth Wisdom Development ('WWW') is the company's marketing and promotional campaign, which is focused on building long-term awareness of the company's brand. WWW targets the following markets (i) business owners and senior management; (ii) high and medium net worth individuals in China and (iii) financial services providers, such as Certified Financial Planners in China. The campaign involves sharing content, knowledge and information about wealth management, including wealth creation, wealth protection and wealth succession.

Customers

The company's revenues are generated from clients located globally, including those from Hong Kong, China, Malaysia, Singapore, Indonesia, Thailand, Australia, Japan, Taiwan, Russia and the United States. The company's venture capital business will initially focus on Hong Kong and other Asian start-ups and high growth companies.

Competition

The company faces competition principally from established law firms and consulting service providers in the corporate finance industry, such as Marbury, King & Wood Mallesons, QMIS Financial Group, First Asia Finance Group Limited and their respective affiliates.

The company's major competitors in China are JP Investment Group and QMIS Financial Group while the company's major competitors in Malaysia are Global Bridge Management Sdn. Bhd. and QMIS Financial Group.

Intellectual Property

The company has registered trademarks as a means of protecting the brand names of the company's companies and products. There are six trademarks registered under the name of Greenpro Resources (HK) Limited.

Government Regulation

The company's businesses located in Malaysia are subject to the general laws in Malaysia governing businesses, including labor, occupational safety and health, general corporations, intellectual property and other similar laws, including the Computer Crime Act 1997 and The Copyright (Amendment) Act 1997.

Future Development Plan

The company is in the process of carrying out the following development plans.

Expansion of Corporate Finance Services

The company plans to further expand the company's corporate finance services business. The company's corporate finance services include financial advisory services relating to listings in the U.S. capital markets (e.g., NASDAQ and OTC Markets) and listings in Hong Kong, mergers and acquisitions, investment valuation, project management and other financial advisory services. The company intends to enhance its corporate finance business in China, Hong Kong, Malaysia and Thailand, by engaging in more marketing activities and expanding the company's business network to these regions.

ADAQ Development

ADAQ is a next generation online financial information platform, which facilitates connecting private high growth emerging companies with access to potential investors and synergetic companies. ADAQ is dedicated to equip emerging growth companies in the Asia Pacific region with the guidance and information to identify, build and stream their sustainable core values. In addition, it offers an acceleration program to incubate and assist companies to accelerate the process by which they seek to list on international exchanges, such as New York Stock Exchange ('NYSE'), NASDAQ and Hong Kong Stock Exchange ('HKEX').

ADAQ has three major functions: Corporate Value Building Program, Online platform and acceleration process to International Capital Market Listing, and Online Financial Information Market.

The company intends to strengthen the development of ADAQ as an acceleration platform to assist high growth emerging companies in the ASEAN regions covering Malaysia, Thailand, Singapore, Indonesia, Myanmar, Laos and Vietnam, and China to obtain funding and prepare for an IPO. An increasing number of companies across South-East Asia and the Greater Bay Area are interested in listing on the ADAQ market platform. The successful development of the platform will heighten the prospects of Greenpro's venture capital projects, aiming to achieve success and to widen market coverage to source for new potential projects.

Wealth Management Portfolio Development. Leveraging the company's competitive advantages with integrated financial services and strategic offices, the company looks forward to enhancing its strategic development in wealth management, fund management and asset management businesses. The company continues to look for partnerships to explore the potential of wealth management, fund management and asset management services, and provide with the assistance from the company's affiliates customized wealth creation, wealth protection and wealth succession solutions for medium, high and ultra-high net worth individuals/families in the Asian region. The company also expects to place more efforts into the development of the company's Wealth Network Database focusing on wealth related information sharing.

For the company's long-term plan and development, the company looks forward to initiating the 'Greenpro Capital Tower' plan in ASEAN as an effort to further develop the company's brand, strengthen the company's operational and client base with stronger customers and market confidence. In addition, the company plans to continue to grow through mergers and acquisitions of related services to enhance the company's services horizontally and vertically. The company is continuously sourcing synergetic and licensed financial institutions to strengthen the company's capabilities and scope of the company's services with the aim to widen the company's market coverage.

History

The company was founded in 2013. It was incorporated in 2013 in the state of Nevada. The company was formerly known as Greenpro, Inc. and changed its name to Greenpro Capital Corp. in 2015.

Country
Founded:
2013
IPO Date:
10/01/2015
ISIN Number:
I_US39540F3091

Contact Details

Address:
B-23A-02, G-Vestor Tower, Pavilion Embassy, 200 Jalan Ampang, Kuala Lumpur, Wilayah Persekutuan, 50450, Malaysia
Phone Number
60 3 8408 1788

Key Executives

CEO:
Lee, Chong Kuang
CFO
Loke, Che Chan
COO:
Data Unavailable