$GRNQ Greenpro is planning to acquire, using its s
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Posted On: 06/09/2020 6:59:40 AM
$GRNQ Greenpro is planning to acquire, using its securities as consideration, a 51% equity interest in a LED manufacturer of high resolutions displays for media and advertising purposes. These display screens range from tablet sizes to 80 inch units, and also manufactures other electronic display products, i.e. Internet of Things ("IOT"
. We intend that these products will be further developed and marketed as internet video conferencing solutions for many companies and individuals for their online conference meetings. The company generated net income of about US$2.14 million in 2018. We plan to list this company on a main stock exchange in the USA or Hong Kong as early as 2021.
We have signed a non-binding letter of intent to acquire a 15% equity interest in a regulated Equity Crowd Funding licensed company in Malaysia, and intend to use our securities as consideration for the acquisition.
. We intend that these products will be further developed and marketed as internet video conferencing solutions for many companies and individuals for their online conference meetings. The company generated net income of about US$2.14 million in 2018. We plan to list this company on a main stock exchange in the USA or Hong Kong as early as 2021. We have signed a non-binding letter of intent to acquire a 15% equity interest in a regulated Equity Crowd Funding licensed company in Malaysia, and intend to use our securities as consideration for the acquisition.
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