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 company issued 8.5 million restricted shares of common stock in exchange for an equity interest in Forekast. The transaction, which complies with NASDAQ listing rules, was approved by shareholders holding a majority of the company's voting power, according to the press release.
This acquisition advances 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. Greenpro plans to integrate Forekast's analytics and machine learning capabilities across its advisory services, ESG initiatives, and digital platform infrastructure. The move positions Greenpro to leverage advanced data analytics to enhance its cross-border business solutions, including trust and wealth management, listing advisory services, and accounting outsourcing for small and medium-sized businesses in Asia.
Greenpro Capital, headquartered in Kuala Lumpur and incorporated in Nevada, operates as a business incubator with strategic offices across Asia. The company's diversified portfolio spans finance, technology, banking, and health and wellness. With 30 years of industry experience, Greenpro assists businesses and high-net-worth individuals in capitalizing and securitizing their value globally. The company also runs venture capital businesses focused on start-ups and high-growth companies.
The integration of Forekast's technology is expected to strengthen Greenpro's ability to offer data-driven insights and machine learning tools to its clients. This aligns with the growing demand for AI-powered financial services and ESG analytics. By embedding these capabilities into its existing platforms, Greenpro aims to improve efficiency and decision-making for its customers, potentially driving further growth and innovation in the digital finance space.
For more information about Greenpro Capital, visit the company's website at www.greenprocapital.com.
