KUALA LUMPUR, MALAYSIA / ACCESSWIRE / August 3, 2023 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that its incubator company Angkasa-X, subsequent to its recent successful launch of A-SEANSAT-PG1 (“PG1”) LEO satellite on June 27, 2023, has obtained F-1 Notice of Effectiveness from the U.S. SEC on August 2, 2023 with IPO price at $2.00 per share.
Greenpro Capital currently holds 28,000,000 shares in Angkasa-X.
Angkasa-X was awarded the Space Technology Innovator under Special Recognition Award during PIKOM’s Unicorn Tech Awards Night held on July 27, 2023 in Kuala Lumpur, Malaysia. This award honors organizations that have played a pivotal role in the development of the tech sector and are recognized for their contributions, achievements, or breakthroughs in the fields.
Angkasa-X will provide LEO satellite-based Internet services in ASEAN, an area covering 680 million people. Morgan Stanley estimates that the global space industry could generate revenue of more than $1 trillion or more in 2040, up from $350 billion, currently. Yet, the most significant short and medium-term opportunities may come from satellite broadband Internet access, which will be provided by Angkasa-X.
Greenpro CEO, Dr. CK Lee said, ” Angkasa-X is another example of one of our successful incubation companies, and 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 680 million Southeast Asia mass populations.”
ANGKASA-X, a multi awards winning global company, is a Technological-social Inclusion Company with a vision of creating a world where connectivity is a basic, affordable necessity for the betterment of mankind. It consists of a group of companies investing in research & development, IP creation, components sourcing, assembly, integration & testing (AIT), launching and maintaining state-of-the-art Low-Earth-Orbit (“LEO”) satellites. Our mission is to provide various satellite connectivity and services to the countries in ASEAN and establish ASEAN Space Economy via the formation of two LEO satellites constellations namely A-SEANLINK and A-SEANSAT, with the end goal of eradicating poverty and improving living standards, especially for those living in the remote rural areas.
ANGKASA-X’s vision is in-line with the United Nation’s Sustainable Development Goals (“SDGs”) Goal 1: No Poverty; Goal 4: Quality Education; Goal 8: Decent Work and Economic Growth; Goal 9, Industry, Innovation and Infrastructure; and Goal 11: Sustainable Cities and Communities.
ANGKASA-X aims to level the playing field by providing the opportunity for better access to internet connectivity by offering Satellite-as-a-Services (“SAAS”) to our clients such as telecommunications, government, Internet-service-providers and network companies, which in turn could offer satellite package services to end users and their subscribers.
ANGKASA-X is an official member of the International Communication Union (“ITU”), a specialized agency of the United Nations responsible for many matters related to information and communication technologies. ANGKASA-X is also a registered holder of Network Service Provider (“NSP”) and Network Facilities Provider (“NFP”) licenses from the Malaysian regulator, Malaysian Communications and Multimedia Commission (“MCMC”).
For more information on the company, please visit www.angkasa-x.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, and Green-X for STOs, health and wellness 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.
The Green-X exchange can be found at https://www.green-x.io/
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