Greenpro Capital (GRNQ) surges 50% on satellite communication venture

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Greenpro Capital (GRNQ) surges on satellite communication venture. The company today announced that it intends to incubate a Low Earth Orbit satellite communication venture based in Malaysia to cover the ASEAN region.

This new company will provide internet connectivity via satellite for the South East Asia region. The vision is to provide internet access to areas and places where traditional internet connectivity is scarce with no fiber or 5G available. Borneo and other such remote islands would benefit tremendously with this service with our future Low Earth Orbit, “LEO” satellite connectivity.

Greenpro Capital has been incubating many ventures and will incubate this project along with SEATech Ventures Corp, an OTC quoted company. GRNQ and the group of companies own 40 million shares of SEATech Ventures Corp out of 92.5 million shares issued.

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