Greenpro Capital Corp. just announced that its incubated company, Angkasa-X is establishing SpaceTech eco-system in Malaysia. The establishment of SpaceTech eco-system will be supported by industries organization and government agencies such as The National ICT Association of Malaysia (PIKOM) and Malaysian Space Agency (MYSA).
According to the SpaceTech Industry September 2021 (Q3) Analytic Report, the global SpaceTech economy is constantly growing and valued at $4.7 trillion in 2021, and it will further grow to $10 trillion by 2030. The investment for SpaceTech economy in East Asia region has achieved $35 billion in 2021.
Greenpro owns 28 million shares in Angkasa-X and is planning to list the company via an IPO on a U.S. exchange in the coming months.
“We will plan the Security Token Offering (STO) as an alternative fundraising strategy to finance the companies within the SpaceTech eco-system. We are confident in such an innovative fundraising mechanism as recently one of our STO project (Dignity Gold) with assets value of $6 billion has been approved by CEZA authority to list on our CryptoSX Digital Asset Exchange. We are proud that Angkasa-X is set to become a SpaceTech Unicorn with its vision aligned with the United Nations SDGs, to provide satellite connectivity services to serve the 670 million Southeast Asia mass populations.”
ANGKASA-X is a Technological-social Inclusion Company that strives to provide Internet Connectivity as a Necessity for the betterment of mankind. It consists of a group of companies investing in research & development, IP creation, technology & components sourcing, assembly-integration-testing, launching and maintaining state-of-the-art Low-Earth-Orbit (LEO) satellites. By offering an innovative Satellite-as-a-Service (SaaS) to countries in ASEAN. Angkasa-X’s mission is to provide satellite internet-connectivity and other services to remote rural areas in the countries in ASEAN and neighbouring countries to establish ASEAN Space Economy via the formation of ASEANLINK LEO Satellites Constellation. Angkasa-X plans to raise funds from the global capital market to invest and operate ASEANLINK LEO Satellite Constellation. It aspires to be a Unicorn and the number one unique company for LEO satellite-based Internet services in ASEAN region.
Headquartered in Kuala Lumpur, Greenpro Capital Corp. (Nasdaq: GRNQ), a Nevada corporation, with strategic offices across Asia, is a business incubator with a diversified business portfolio comprising finance, technology, banking, CryptoSX for STOs, health and wellness and fine art. With 30 years of experience in various industries, Greenpro has been assisting and supporting businesses and High-Net-Worth-Individuals to capitalize and securitize their value on a global scale through the provision of cross-border business solutions, spinoffs on major stock exchanges and accounting outsourcing services to small and medium-size businesses located in Asia. The comprehensive range of cross-border business services include, but are not limited to, trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing services and tax advisory services. We also operate venture capital businesses, including business development for start-ups and high growth companies, covering finance, technology, FinTech, and health and wellness.
Read More: Archax subsidiary Montis Digital expands team to build digital post-trade ecosystem