GREENPRO CAPITAL CORP. (OTCMKTS:GRNQ) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02. UNREGISTERED SALES OF EQUITY SECURITIES.
On December 7, 2016, Greenpro Capital Corp. (the Company)
completed the issuance and sale of an aggregate of 27,700 shares
at a price of $1.80 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 Mr. How Kok Choong
(the Investor), to a Subscription Agreement dated as of December
7, 2016, between the Company and the Investor. The $49,860 in
proceeds went directly to the Company.
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
of investors.
Item 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS;
ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS
On December 7, 2016, the Board of Directors (the Board) of
Greenpro Capital Corp. (the Company) appointed Mr. How Kok Choong
to the Board.
The biography for the new director of the Company is set forth
below:
HOW KOK CHOONG serves as a Director in the Company. Mr. How
earned Master and Doctorate in Business Administrative from
Newport University, USA. He is also a Fellow Member of Chartered
Institute of Management in UK and a Fellow Member of Canadian
Chartered Institute of Business Administration in Canada.
Mr. How has extensive knowledge in business management for more
than 20 years. Since 1993, Mr. How has served as CEO of San Hin
Group which is a strong group of companies ranging from property
development, civil building construction, machinery
transportation, ready mixed concrete and shopping complex
management in Malaysia. Since 1994, he has also served as
managing director of Wawasan Saga, Kota Kinabalu which is a
shopping complex with hotel at the heart of Kota Kinabalu,
Malaysia. Since 1997, he has served as a group CEO of Tang
Dynasty Hotel Group which is the largest chain hotel in Sabah,
Malaysia.
In 2004, Mr. How started to work as Global president of AGAPE
Superior Living International Group which is a leading health and
wellness company in nine countries. Since 2010, he has worked as
president of TH3 Holdings Sdn Bhd which specializes in IT,
academy, online education, mobile App, e-Commerce and digital
marketing.
In Malaysia, he received Outstanding Asian Community Contribution
Award in 2011, Malaysia Top Team 50 Enterprise Award in 2011, The
Contributor Award (Medical and Health Research) in 2012, Man of
The Year in Worldwide Excellence Award in 2015 and Man of The
Year in McMillan Global Award in 2016.
Mr. Hows strong academic background and business experience as
well as his qualification has led the Board of Director to reach
the conclusion that he should serve as a Director of the Company.
Item 9.01 Financial Statements And Exhibits
(a) Financial Statements of Business
Acquired.
Not applicable
(b) Pro Forma Financial Information.
Not applicable
(d) Exhibits.
|
Exhibit No. |
Description | |
| 10.1 | Form of Subscription Agreement dated as of December 7, 2016 |
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.