Benzinga | Apr 26, 2021 08:36AM EDT

GreenPro Capital Corp. Reports Incubation Of Angkasa-X For Low Earth Orbit Satellite Communication Project

Greenpro Capital Corp. (NASDAQ:GRNQ) today announced its incubation of Angkasa-X for its Low Earth Orbit (LEO) satellite communication project. Three parties signed a Memorandum of Understanding (MOU) including the Malaysia Penang State Government and University Science of Malaysia (USM) in establishing the ASEAN Space Economy by forming the ASEAN-LINK satellite constellation.

(Video: http://www.angkasax-innovation.com/uploads/3.mp4 )

Angkasa-X also signed a Memorandum of Agreement (MOA) with USM in the Space Technology and Satellite Engineering Talent Development Programme.

Greenpro owns 28 million shares of Angkasa-X and is planning to list the company via an IPO on a U.S. exchange by the end of 2021.

Greenpro intends to allocate and sell a portion of the 7,700 Sputnik NFTs (acquired on April 22nd) to back the Angkasa-X. https://mstokensto.medium.com/millennium-sapphire-nft-series-the-sputnik-satellite-a1c62fa49826

Greenpro CEO Dr.CK Lee said: "we are delighted to participate in establishing the ASEAN Space Economy with our revolutionary fintech model in selling NFTs and building up a technological-social inclusion unicorn company with its vision that is aligned with the United Nation's Sustainable Development Goals (SDGs)."

The Sputnik NFTs have a value of 1 ETH each. The recent price of ETH was $2,479 resulting in a current "mark to market" profit of $379 per NFT on this investment.