Benzinga | Feb 16, 2021 09:33AM EST

Greenpro Capital Corp. Subsidiary Entered Subscription Agreement With Innovest Energy Fund To Subscribe For $7,206,000 Worth Of Class B Shares

On February 11, 2021 our British Virgin Islands subsidiary, Greenpro Resources Limited, entered into a subscription agreement with Innovest Energy Fund ("Innovest") to subscribe for $7,206,000 worth of Class B shares. In consideration for the subscription, Greenpro Capital Corp. (the "Company") will be issuing 3,000,000 restricted shares of its common stock, par value $0.0001 per share, valued at $7,206,000. Additionally, the Company will also be issuing 60,000 restricted shares of its common stock lieu of the subscription fee of 2% of the subscription amount ($144,120).





The preceding description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, which is filed as Exhibit 10.1 to this report and incorporated herein by reference.