Greenpro Capital Completes Strategic Share Exchange with AI Analytics Provider Forekast

Greenpro Capital Corp. (NASDAQ: GRNQ) announced the completion of a strategic share exchange with Forekast Limited, an AI and augmented intelligence data analytics provider. The transaction involved Greenpro issuing 8.5 million restricted shares of 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 to Greenpro. The company plans to integrate Forekast’s analytics and machine learning capabilities across its advisory services, ESG initiatives, and digital platform infrastructure. This integration is expected to enhance Greenpro's ability to provide data-driven insights and solutions to its clients.

Greenpro Capital Corp., headquartered in Kuala Lumpur and incorporated in Nevada, operates as a business incubator with strategic offices across Asia. The company offers a diversified portfolio of services including finance, technology, banking, and Green-X for STOs, as well as health and wellness. With 30 years of experience in various industries, Greenpro assists businesses and high-net-worth individuals in capitalizing and securitizing their value on a global scale through cross-border business solutions, spinoffs on major stock exchanges, and accounting outsourcing services to small and medium-sized businesses in Asia. Its comprehensive range of services includes trust and wealth management, listing advisory, transaction services, cross-border business solutions, record management, accounting outsourcing, and tax advisory. The company also operates venture capital businesses, focusing on business development for start-ups and high-growth companies.

For more information about Greenpro Capital Corp., visit http://www.greenprocapital.com. To view the full press release, visit https://ibn.fm/ZILLH.