KUALA LUMPUR, MALAYSIA / ACCESSWIRE / September 16, 2024 / Greenpro Capital and private equity firm Crewstone International have signed a memorandum of understanding (MOU) to formalize comprehensive cooperation. The agreement will facilitate deal referrals and collaboration on opportunities such as introducing new investors, securing capital commitments, exploring joint business ventures, and brokering asset sales and purchases.
The MOU, signed by Greenpro Capital Group CEO Dr. CK Lee and Crewstone International Chief Investment Officer Wong Keng Fai, outlines plans for the two companies to jointly pursue ventures in sectors including supply chain, clean energy, logistics, and digital assets.
Keng Fai emphasized the strategic value of the partnership: "This MOU allows Crewstone to leverage our deep industry insights and investor networks to unlock opportunities that align with our shared growth ambitions. We're eager to tap into Greenpro's expertise in capital markets and mergers and acquisitions, as well as their capabilities in pre-IPO strategies and Nasdaq listings, positioning us to deliver substantial value across multiple sectors."
Dr. CK Lee added, "There are several deals we can begin working on immediately. As a public-listed company, Greenpro Capital is well-positioned to raise capital, execute M&A transactions, and offer exit strategies for businesses looking to scale."
Crewstone International Sdn Bhd is a Private Equity Management Corporation registered and regulated by the Securities Commission Malaysia, established in 2011 by Izmir Mujab and Datuk Wira Jalilah Baba. The company began as a financial advisory firm, assisting Malaysian companies in capital raising and deal structuring to maximise returns.
Since then, the company has evolved and shifted its focus towards its asset management services and private investments through acquiring stakes in companies within the region or provide debt instruments that are collateral backed.
Today, Crewstone International is a private equity firm with a diverse portfolio of investments across a range of sectors including capital markets, logistics, healthcare, green technology, automated manufacturing, ICT, and e-commerce. We have a strong network of regulators and government agencies in the ASEAN region, allowing us to optimise solutions and drive success to our clients.
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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.
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases "plans," "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
GRNQ has 7,575,813 shares issued and outstanding with a float of 4,089,641 shares
Gilbert Loke, CFO, Director Greenpro Capital Corp. Email: ir.hk@greenprocapital.com Phone: +852-3111 7718
