Greenpro’s Communications Venture Plans to Launch its First Test LEO Satellite
Kuala Lumpur, March 8, 2020 (ACCESSWIRE) – Greenpro Capital Corp. (Nasdaq: GRNQ) today announced that it is progressing on its plan to incubate a Low Earth Orbit (LEO) satellite communication venture based in Malaysia to cover the Southeast Asia region.
The LEO Satellite venture has secured partnerships with global technology collaborators, local universities and a state government. It plans to deploy a constellation of LEO satellites and launch the first test satellite in the coming months.
This LEO Satellite venture is to provide internet access to areas and places where traditional internet connectivity is scarce. The total population of Southeast Asia countries (ASEAN) as of 2020 stands at over 668 million. Of the this entire population, approximately 335 million people are located in rural areas who have inadequate internet access.
CEO Dr. CK Lee said: “we are motivated by the potential to bring internet connectivity to rural areas and help provide the infrastructure to drive e-commerce transactions and development along with cloud-based data-centers for the economies in the ASEAN region. We will be working closely with SEATech Ventures Corp to move this strategic venture forward.”
About SEATech Ventures Corp.
Headquartered in Kuala Lumpur, Malaysia, SEATech Ventures Corp. (OTC PINK: SEAV) (a Nevada corporation) aspires to nurture and incubate emerging growth technology companies in South East Asia that aim to become tomorrow’s Asia unicorns. SEATech is an incubation platform, pools together talents that are equipped with technical, market developmental and financial expertise. We provide mentoring and consultancy on growth strategy through business combination and integration for companies to expand their business across Asia. We advise companies to monetize, capitalize and securitize their businesses by providing funding strategy which includes equity crowd funding, private-placement and go public. With a vast experience in business and ventures, our key management team possess the business acumen and have access to a network of managing partners across Asia who commit to introduce high quality deal-flows to us. SEATech is well positioned to be recognized as an influential Asian Corporate Venture Capital firm in transforming, securitizing, capitalizing and internationalizing Asia technology companies. For further information regarding the company, please visit http://www.seatech-ventures.com
About Greenpro Capital Corp.
Headquartered in Kuala Lumpur, Malaysia, 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, a licensed crypto exchange for Securitized Token Offerings “STO’s”, 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. For further information regarding the company, please visit http://www.greenprocapital.com.
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Gilbert Loke, CFO, director
Greenpro Capital Corp
Phone: +852-3111 7718
Contact Dennis Burns. Investor Relations.
Tel (567) 237-4132