Greenpro Capital Corp. (NASDAQ: GRNQ) announced today the completion of a strategic share exchange with Forekast Limited, a provider of AI and augmented intelligence data analytics. Under the terms of the transaction, Greenpro issued 8.5 million restricted shares of its common stock in exchange for an equity interest in Forekast. The company stated that the deal complies with NASDAQ listing rules and received approval from shareholders holding a majority of its voting power.
The acquisition is a key component of Greenpro's strategy to expand its AI-enabled financial platforms and digital finance offerings. Forekast contributes approximately $21 million in annual revenue and $1.6 million in EBITDA, according to the company. Greenpro plans to integrate Forekast's analytics and machine learning capabilities across its advisory services, ESG initiatives, and digital platform infrastructure. This move is expected to enhance Greenpro's ability to provide data-driven insights to its clients in the small and medium-sized business sector.
Greenpro Capital, headquartered in Kuala Lumpur and incorporated in Nevada, operates as a business incubator with strategic offices across Asia. Its diversified portfolio includes finance, technology, banking, and health and wellness services. The company has over 30 years of experience assisting businesses and high-net-worth individuals in capitalizing and securitizing their value globally. Services include cross-border business solutions, spinoffs on major stock exchanges, and accounting outsourcing for Asian SMEs. The company also runs venture capital operations for startups and high-growth companies.
The transaction underscores Greenpro's commitment to leveraging artificial intelligence to strengthen its service offerings. By incorporating Forekast's technology, Greenpro aims to deliver more sophisticated analytics to its clients, particularly in the areas of ESG reporting and digital finance. The integration is expected to support Greenpro's mission of providing comprehensive cross-border business solutions, including trust and wealth management, listing advisory, and transaction services.
For more information about Greenpro Capital, visit http://www.greenprocapital.com. The full press release is available at https://ibn.fm/ZILLH.
