Greenpro Capital Corp. (NASDAQ: GRNQ) announced on Tuesday the completion of a strategic share exchange with Forekast Limited, an AI and augmented intelligence data analytics provider. As part of the transaction, Greenpro issued 8.5 million restricted shares of common stock in exchange for an equity interest in Forekast. The company stated that the exchange complies with NASDAQ listing rules and was approved by shareholders holding a majority of its voting power.
Greenpro said the acquisition aligns with its 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 provides cross-border business solutions, including listing advisory, transaction services, trust and wealth management, and accounting outsourcing for small and medium-sized businesses in Asia. It also operates venture capital businesses focused on start-ups and high-growth companies.
For more details, view the full press release at https://ibn.fm/ZILLH.
This transaction marks a significant step for Greenpro as it seeks to leverage artificial intelligence to enhance its service offerings. By incorporating Forekast's technology, Greenpro aims to improve data-driven decision-making for its clients and strengthen its position in the digital finance sector. The integration of AI analytics is expected to support Greenpro's ESG initiatives and provide more sophisticated tools for its advisory services.
About Greenpro Capital Corp.: For more information, visit http://www.greenprocapital.com.
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