KUALA LUMPUR, MALAYSIA / ACCESSWIRE / March 1, 2022 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced its incubated company, Angkasa-X, has signed Memorandum of Understandings (MoUs) with nine Penang prominent electrical and electronics (E&E) companies, witnessed by Penang Chief Minister Chow Kon Yeow. This collaboration focuses on SpaceTech industry in the aspect of production costs reduction and high-end technology infrastructure development.
The nine companies are HP Malaysia Manufacturing, Texchem (M) Sdn Bhd, Swift Bridge Technologies Sdn Bhd, Cortex Robotics Sdn Bhd, Mechmodule Technology Sdn Bhd, Lingtec Instruments Sdn Bhd, GSH Precision Technology, AzPower Sdh Bhd and LBSB Sdn Bhd.
According to the Ministry of Science, Technology and Innovation (MOSTI) of Malaysia, the implementation of the Space Policy 2030 is expected to contribute at least USD760 million or 0.3 per cent to the Gross Domestic Product (GDP) of Malaysia.
The chairman of Angkasa-X, Dr Sean Seah said, “This will be the start of the satellite manufacturing and data-driven sectors working together in support of the government’s mandate towards the National Space Policy 2030.”
Greenpro owns 28 million shares in Angkasa-X and is planning to list the company via an IPO on a U.S. exchange in the coming months.
Greenpro CEO, Dr.Lee said, “We are proud that Angkasa-X is set to become a SpaceTech Unicorn with its vision aligned with the United Nations SDGs, to provide satellite connectivity services to serve the 670 million Southeast Asia mass populations.”
ANGKASA-X is a Technological-social Inclusion Company that strives to provide Internet Connectivity as a Necessity for the betterment of mankind. It consists of a group of companies investing in research & development, IP creation, technology & components sourcing, assembly-integration-testing, launching and maintaining state-of-the-art Low-Earth-Orbit (LEO) satellites. By offering an innovative Satellite-as-a-Service (SaaS) to countries in ASEAN. Angkasa-X’s mission is to provide satellite internet-connectivity and other services to remote rural areas in the countries in ASEAN and neighbouring countries to establish ASEAN Space Economy via the formation of ASEANLINK LEO Satellites Constellation. Angkasa-X plans to raise funds from the global capital market to invest and operate ASEANLINK LEO Satellite Constellation. It aspires to be a Unicorn and the number one unique company for LEO satellite-based Internet services in ASEAN region.
For more information on the company, please visit http://www.angkasax-innovation.com
About Greenpro Capital Corp.
Headquartered in Kuala Lumpur and a Nevada corporation, Greenpro Capital Corp. (Nasdaq:GRNQ), is a business incubator with strategic offices across Asia. With a diversified business portfolio comprising of finance, technology, banking, CryptoSX for STOs, health, wellness and fine art as well as 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. This is done 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. Greenpro also operates venture capital businesses, including business development for start-ups and high growth companies.
For further information regarding the company, please visit http://www.greenprocapital.com.
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