GREENPRO CAPITAL CORP. (OTCMKTS:GRNQ) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02. Unregistered Sales of Equity Securities.
On March 8, 2017, Greenpro Capital Corp. (the Company) completed
the issuance and sale of an aggregate of 278,162 shares at a
price of $2.00 per share with each share consisting of one share
of the Companys common stock, par value $0.0001 per share (the
Common Stock) in a private placement to CPN Investment Ltd. and
Fortune Wealth (Asia) Limited (Collectively known as the
investors), to the Subscription Agreements dated as of March 8,
2017 between the Company and the investors. CPN Investment Ltd.
purchased 50,000 shares, while Fortune Wealth (Asia) Limited
purchased 228,162 shares. The proceeds to the Company amounted to
$556,324 and went directly to the Company as working capital.
The shares sold in the private placement were issued in reliance
on an exemption from registration under the Securities Act of
1933, as amended, to Section 4(a)(2) thereof. The bases for the
availability of this exemption include the facts that the
issuance was a private transaction which did not involve a public
offering and the shares were offered and sold to a limited number
|Item 9.01||Financial Statements And Exhibits|
Financial Statements of Business
|(b)||Pro Forma Financial Information.|
|10.1||Form of Subscription Agreement dated as of March 8, 2017|
About GREENPRO CAPITAL CORP. (OTCMKTS:GRNQ)
Greenpro Capital Corp., formerly Greenpro, Inc., operates and provides a range of business solution services varying from cloud system solution, financial consulting services and corporate accounting services to small and medium-size businesses located in Asia, with an initial focus on Hong Kong, China and Malaysia. The Company’s range of services cover cloud accounting solutions, cross-border business solutions, record management services and accounting outsourcing services. Its segments include Service business, which is engaged in the provision of business solution services; Real estate business, which is engaged in leasing and trading of commercial real estate properties in Hong Kong and Malaysia, and Corporate, which is engaged in venture capital business, ancillary support services and other activities. Its cross border business services include among other services, tax planning, trust and wealth management, cross border listing advisory services and transaction services. GREENPRO CAPITAL CORP. (OTCMKTS:GRNQ) Recent Trading Information
GREENPRO CAPITAL CORP. (OTCMKTS:GRNQ) closed its last trading session 00.00 at 5.70 with shares trading hands.