MOU Signing with GreenPro Capital Corp
Kuala Lumpur, 21st November 2018, The National ICT Association of Malaysia (PIKOM), SEATech Ventures Corp., and GreenPro Capital Corp (Nasdaq: GRNQ) signed the Memorandum of Understanding as well as collaboration agreement at PIKOM headquarter today as a symbol of entering a new partnership to create greater value for the high-growth emerging companies in ASEAN.
PIKOM, SEATech and GreenPro are known to have inexhaustibly contributing and putting effort in enabling and facilitating the stable and constant growth of the ASEAN tech startups and scale-up companies. With similar vision, three parties reached consensus and decided to integrate their respective ability in strengthening their relationship. The collaboration will be providing mentorship to the high-growth emerging companies throughout their fundraising journey. The experienced IPO team will also provide strong financial support and up-to-standard consultation during the process of capitalization. By providing strategic planning and roadmap for the corporate investors with exit plan, the high-growth emerging companies could achieve multiple effective funding channels and able to access to pool of potential institutional and retail investors.
As far as we are aware, the non-profit organization PIKOM is the association representing the information and communications technology (ICT) industry in Malaysia. With the membership of more than 800 companies involved in a whole spectrum of ICT products and services which commands 80% of the total ICT trade in Malaysia, PIKOM is now taking another step forward to enhance the responsibility to assist the local companies from ICT industry to accelerate their business development. Besides, PIKOM is also one of the member of Asian-Oceanian Computing Industry Organization (ASOCIO), an ICT federation organized by ICT associations representing from 24 economies throughout Asia Pacific.
SEATech Ventures, the other company who plays an important role in this cooperation, is ASEAN¡¯s first venture capital corporation who establishes a unique platform that pools together talents that are equipped with technical, market development and financial expertise. SEATech is ready to incubate, nurture, accelerate, support, grow and expand these companies so that they can spearhead the technology development in the ASEAN region. SEATech also serves as a platform for the technology industry players and users to meet, network, learn and share ideas so that the industry can be brought to the next level. Through its strong resources integrating platform, it possesses high return investment model for its investors and vigorously assists and supports the ASEAN companies in their tech development.
Headquartered in Hong Kong with strategic offices across Asia, Greenpro Capital Corp.(Nasdaq: GRNQ), is a multinational conglomerate with a diversified capital portfolio. With 30 years of experience in the industry GreenPro has been assisting and supporting businesses and High-Net-Worth-Individuals (HNWIs) 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. Up till now, GreenPro has successfully assisted nearly 40 corporates to get listed in the US capital market.
Other than announcing the collaboration, GreenPro Capital also took the opportunity to officiate the launching of the ADAQ, the integrated financial information market which assists the emerging high-growth companies to identify, build and stream their corporates¡¯ value for sustainable development. ADAQ provides a ¡°regulation compliance structured¡± for IPO, ICO and STO (securities token offerings) that fulfils financial integrity, KYC, AML and compliance, to drive organizational resilience and sustainability. ADAQ has 3 major functions, namely corporate value building program, accelerator to the international capital market listing and online financial information market. Officially registered and trademarked on 23rd October 2015 in Hong Kong, ADAQ has vast experience in the finance industry, equipped with an experienced and professional team, and possesses excellent track records in the past. While incubating these high-growth emerging companies based on their readiness in moving towards greater business goals, ADAQ also allows the investors to look for prospective companies to invest in.
The joint effort is expected to bring numerous advantages to the ASEAN tech companies by providing them the opportunities of business networking, access to funding, pre-IPO/IPO advisory, expanding their business into new markets in Asia/US and business mentoring, as well as enabling these high-growth emerging companies to develop further and achieve sustainable growth in the era of digital transformation. In addition, the collaboration will also provide assistance to the tech startups and scale-up companies in obtaining the access and convoying their journey to the international arena, or to be more specific, the international capital markets such as NYSE, NASDAQ, and Hong Kong Stock Exchange.