Greenpro Capital Corp. ("Greenpro" or the "Company") (Nasdaq:
GRNQ), a multinational conglomerate with a diversified capital
portfolio, today released a letter to shareholders from the
chairman of the Company's board of directors.
Dear Shareholders,
2018 was an exciting year for Greenpro. Before I
elaborate into details, let me offer my thanks and appreciation to
all of my colleagues at Greenpro, and to our partners, clients,
board of directors, and investors. Thank you all for your support
and recognition.
Positioning and Background
Greenpro Capital Corp. (Nasdaq: GRNQ) has a
well-developed brand in ASEAN and China. Currently headquartered in
Hong Kong, we have expanded into major cities in the ASEAN region
(Malaysia and Thailand) plus the greater China area, including
cities such as Shenzhen, Guangzhou and Taipei. We believe this
coverage enables us to leverage our branding strategies across a
diverse geographical footprint.
We believe we play an important role in the
Greater Bay connecting ASEAN and China:
- Due to the growth of the Greater Bay and One Belt One Road
policies, China and ASEAN are expected to see increased cross
border collaboration in the future.
- Situated in the center of Asia, Greenpro fulfils the role of
fostering and facilitating funding and market opportunities between
ASEAN and China.
- We focus on assisting asset light businesses and other emerging
growth companies to capitalize, globalize and securitize their
business values to achieve sustainable development and adapt to the
challenges of the contemporary business world.
- We assist these emerging companies to achieve their funding
needs and IPO goals through understanding their values, providing
expertise with any potential company restructuring, enhancing
transparency and reducing uncertainty risk.
We believe the following factors contribute to
our potential to become one of the most prominent financial
services companies in Asia with over 150 employees serving our
clients:
- We are geographically viable. We have offices in Hong Kong
(Financial Administration Centre), Shenzhen (New International
Financial Centre) and Guangzhou (Wealth Centre).
- Our diverse team, comprising employees from the mainland of the
People’s Republic of China, Hong Kong, Taiwan, Malaysia, Thailand,
the United States and the United Kingdom, allows us to use local
knowledge (ASEAN – China) to serve our clients globally.
- Our professionally qualified members, whom hold the required
financial licenses from Hong Kong Regulatory Authorities, provide
us with the expertise and experience to give us a competitive
advantage and serve our clients effectively, efficiently and
economically.
Strategic Developments
Our official up-listing to the Nasdaq Stock
Market in July 2018 enabled us to achieve a significant milestone
for Greenpro. The Nasdaq listing was planned in 2013 and was part
of our five-year growth plan. This achievement fulfilled our goals
to our initial shareholders – bringing the company to Nasdaq and
the benefits that such a national exchange affords for the Company
and our shareholders.
In January, we launched our Taipei Office
serving the local market and held a first seminar session
introducing our services in Taiwan. In November, we set up our new
office in Guangzhou, one of the wealthiest cities in China, and
held a first seminar session introducing our services. In Thailand,
we acquired a 49% equity interest in a local accounting firm, KSP
Group, and renamed it to GREENPRO KSP Group, with the vision and
goal to enhance our resources and strengthen our competitive
advantages to serve clients in Thailand and overseas clients
investing in Thailand. Our strategy is to assist in the development
of the local businesses and help prepare companies for listing in
local capital markets in the future.
We already executed a well-defined market
launch and growth strategy:
- Collaborations. On August 26, 2018, we
announced collaboration agreements for 10 projects assisting
companies with gaining access to various international capital
markets. Greenpro intends to provide strong support services for
these companies to help navigate their journey to an IPO and
becoming a public company while focusing on our mission to assist
these clients to capitalize and maximize their values on a global
scale.
- Strategic Alliance with PIKOM and SEAtech
Ventures. Sharing a similar vision, we reached an
agreement with PIKOM and SEAtech Ventures to integrate our
respective capabilities to strengthen our relationship with them to
serve IT related clients in Malaysia. This collaboration is
expected to provide mentorship to high-growth emerging companies
throughout their fundraising journey. Our experienced IPO team will
also provide strong financial support and consultation during the
process. We believe such efforts will help enable and facilitate
the growth of ASEAN tech startups and scale-up
companies.
- Strategic Alliance with ETR Law Firm. Greenpro
will utilize the strength of ETR Law Firm, one of the most
reputable and largest professional law firms in Guangzhou, to
enhance our business development. ETR Law Firm will provide
comprehensive support and assistance to Greenpro relating to
mergers and acquisitions, project management, investment evaluation
and other financial services.
- Joint Effort with China Shenzhen Family Office
Association for White Paper publication. We contributed to
the publication of the “White Paper of China Family Office” for a
better understanding and practice of the family office industry. We
believe this participation helps us solidify the development of our
wealth management services in the future.
Events & Marketing
Campaigns
We implemented our marketing development through
a series of events:
- Bullvestors – Business Pitching Platform
- CEO Thoughts and Talks – Interaction and Dialogue Sessions with
CEOs
- The Principles of Capital – Educational event regarding capital
markets
- Worldwide Wealth Wisdom Summit – Wealth Conference
Awards and Recognition
We received multiple awards this past year, including the HKB
National Business Award 2018 and the Leaders of Innovation 2019
award from Corp Hub. We believe we helped contribute to the
industry and society as demonstrated by these honors, which
encourages Greenpro to take the initiative to embrace more
challenges in the future.
Future Development Plan
Greenpro is in the process of carrying out the
following development plan.
- ADAQ Development. We intend
to strengthen the development of ADAQ as an acceleration platform
to assist high growth emerging companies in ASEAN and China to
obtain funding and prepare for an IPO. A growing number of
companies across South East Asia and the Greater Bay area are
listing on the ADAQ market platform. The successful development of
the platform will heighten the prospects of Greenpro’s venture
capital projects achieving success while aiming to widen market
coverage to source for new potential projects.
- Wealth Management Portfolio Development. The
expansion in the population of High Net Worth Individuals in the
Asia Pacific Region has created opportunities and needs for cross
border wealth management services. Leveraging our competitive
advantages with integrated financial services and strategic
offices, we are looking forward to enhancing our strategic
development in wealth management, fund management and asset
management businesses. We continue to look for partnerships to
explore the potential of wealth management, fund management and
asset management services, to combine with the assistance from our
affiliates to provide customized wealth creation, wealth protection
and wealth succession solutions for medium and high net worth
individuals/families in the Asian region. We also expect to place
more efforts into the development of our Wealth Network Database
through Greenpro Synergy Network (G.S.N.) – a wealth and investment
community focusing on wealth related information sharing.
Our existing VC portfolios have started to show
a significant positive impact on our financial performance and we
expect to achieve profitability by the end of 2018 as a result of
the success of our VC projects. We expect more of our existing VC
projects will successfully list on public exchanges, providing
strong financial performance and marketing support to Greenpro’s
development while maximizing our shareholder’s value.
For our long-term plan, we are looking forward
to initiating the “Greenpro Capital Tower” plan in ASEAN as an
effort to further strengthen our operational base and market
confidence. We are currently in the planning stage to build a 20
story building located in Malaysia as our ASEAN headquarters,
enabling the market in the region to have better access to our
services while also strengthening our market visibility. In
addition, we plan to continue to grow through mergers and
acquisitions. We are continuously sourcing synergetic and licensed
financial institutions to strengthen our capabilities and scope of
our services with the aim to widen our market coverage.
I believe Greenpro will start a new chapter in
the future. As the New Year approaches, on behalf of Greenpro, I
would like to express my sincere gratitude to our clients and
partners for your trust in us, to the shareholders for your
continuous support, and to the board members, management team and
staff for your commitment in the past year.
Lee, Chong Kuang
Chairman and Chief Executive Officer
Greenpro Capital Corp.
About Greenpro Capital
Corp.
Headquartered in Hong Kong with strategic
offices across Asia, Greenpro Capital Corp. (Nasdaq: GRNQ), is a
multinational conglomerate with a diversified capital portfolio.
With over 30 years of experience in the financial industry,
Greenpro has been assisting and supporting businesses and
High-Net-Worth-Individuals to capitalize their value on a global
scale through the provision of cross-border business solutions 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 planning. We also operate
venture capital businesses including a business incubator for
start-up and high growth companies. For further information
regarding the company, please visit
http://www.greenprocapital.com.
Forward-Looking Statements
This press release contains information about
the Company’s view of its future expectations, plans and prospects
that constitute forward-looking statements. Actual results may
differ materially from historical results or those indicated by
these forward-looking statements as a result of a variety of
factors including, but not limited to, risks and uncertainties
associated with its ability to raise additional funding, its
ability to maintain and grow its business, variability of operating
results, its ability to maintain and enhance its brand, its
development and introduction of new products and services, the
successful integration of acquired companies, technologies and
assets into its portfolio of products and services, marketing and
other business development initiatives, competition in the
industry, general government regulation, economic conditions,
dependence on key personnel, the ability to attract, hire and
retain personnel who possess the technical skills and experience
necessary to meet the requirements of its clients, and its ability
to protect its intellectual property. The Company encourages
you to review other factors that may affect its future results in
the Company’s registration statement and in its other filings with
the Securities and Exchange Commission.
For more information, please
contact:
Company Contact:
Vincent Tan, Senior Vice President
Greenpro Capital Corp.
Email: vincent.tan@greenprocapital.com
Phone: +86-755-2558-7791
Investor Relations Contact:
Tina Xiao Ascent Investor Relations LLC
Email: tina.xiao@ascent-ir.com Phone:
+1-917-609-0333
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