World News: 14:00 GMT Wednesday 17th April 2019. [Greenpro Capital Corp. via Globe Newswire via SPi World News]
Hong Kong, April 17, 2019 (GLOBE NEWSWIRE) -- Greenpro Capital Corp. (NASDAQ: GRNQ) (“Greenpro” or the “Company”), a multinational conglomerate with a diversified capital portfolio, today announced that it has entered into a Strategic Cooperation Agreement (the “Agreement”) with Gang Tai Holdings Limited (“Gang Tai”), a conglomerate organization in Chengdu, on April 18 2019, to launch Greenpro Capital financial services to cover the South Western Region of China.
Gang Tai, as a reputable conglomerate organisation in Chengdu, is expected to help generate great economic advantages for Greenpro through its successful businesses and strong resources and connections in Chengdu. Gang Tai’s strong existence and resources can help Greenpro to build, develop and grow its financial services in the South Western Region rapidly.
Greenpro’s development of the ADAQ (Asian Digital Automated Quotation platform), an integrated financial information market which identifies, builds, and streamlines corporate values for sustainable development, aims to help enterprises in the South Western Region of China comprised of Chengdu, Chongqing, Xian, Guiyang and Kunming, and other ASEAN countries, utilize the platform for opportunities to meet international financiers for sources of capital, to help internationalize their business, to help enterprises to go global and develop in accordance to social values that emphasize innovation and social responsibility.
Greenpro’s Southwest Headquarters in China will be setup with the following entities:
Greenpro plans to nurture a closely knit Start-up + Financial ecosystem in Chengdu, which is highly populated, that will enable the city to host a community of companies that all have the same vision to be listed in overseas. With that, Chengdu will become more closely connected to the international community and we believe will put Chengdu on a path to develop into one of the most favoured cities in China, by international investors.
Greenpro Venture Capital Fund will cooperate with local government-led funds to empower enterprises with capital solutions. Under the current sophisticated fund management model - “Fund Accumulation, Capital Deployment, Portfolio Management, Return Harvesting”, the fund will focus in developing strategic advantages in the following five areas: Business Restructuring, Product Financing Integration, Business Strategic Alliance, Merger and Acquisition, and Capability-driven strategies.
Over the next three years, Greenpro’s incubator has a target to support and incubate approximately 200 enterprises through ADAQ; Greenpro will organise six cross-border resources integration workshops, helping 30 enterprises completing 1-to-1 resources integration in each workshop; Greenpro will help 100 enterprises complete international securitisation, creating a target of RMB100 billion market capitalisation; Greenpro will host three OBOR Southwest Resource Matching Conferences, together with two overseas study tours for entrepreneurs. Through the creation of bases for science & technology, financial, and literature & arts, Greenpro will create the Southwest financial centre that will improve the regional investment environment for technological, medical and health care, financial and tourism industries.
Greenpro Capital Corp. was listed on the NASDAQ Capital Market on 13 June 2018, possesses comprehensive set of licenses in Hong Kong, with rich experience in cross-border financing and international listing, Greenpro has assisted more than 40 enterprises listing overseas. In supporting this initiative, the government of Chengdu has provided great support to the plan, including granting investment incentives for enterprises in the incubator program, strong support for commercial bank loans, government subsidies and policy supports on several investment initiatives.
Headquartered in Hong Kong with strategic offices across Asia, Greenpro Capital Corp. (the “Company”) (NASDAQ: GRNQ), is a multinational conglomerate with a diversified capital portfolio. With 30 years of experience in the industry, Greenpro has been assisting and supporting businesses and High-Net-Worth-Individuals (HNWIs) to capitalize their value on a global scale through the provision of cross-border business solutions and accounting outsourcing services to small and medium-sized businesses located in Asia. The comprehensive range of cross-border business services include, but not limited to, trust and wealth management, fund and financial management, cross boarder listing advisory services, transaction services, record management services, accounting outsourcing services and tax planning. We also operate venture capital businesses including a business incubator for start-up and high growth companies to support such companies during critical growth periods, including education and support services, investment opportunities in selected start-up and high growth companies, and rental activities of commercial properties and the sale of investment properties. For further information regarding the Company, please visit http://www.greenprocapital.com
Globe Newswire: 14:00 GMT Wednesday 17th April 2019
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