ECF Platform Ata Plus Sees 15% Stake Acquisition from NASDAQ Listed FirmJuly 29, 2020 0 comments
Ata Plus, an equity crowdfunding platform approved by the Securities Commission Malaysia announced that GreenPro Capital Corp, a NASDAQ-listed firm has acquired 15% stake in the equity crowdfunding platform operator.
According to its NASDAQ listing, Green Pro is incorporated in 2013 in Nevada, USA, and its subsidiaries are involved in businesses including but not limited to: financial consultation services, corporate advisory services, offshore formation advisory services, and loan and credit services.
Following this announcement GreenPro said that it will be relocating its headquarters to Kuala Lumpur. Ata Plus said that the acquisition will help it to “fast track its focus” on becoming a “regional fundraising platform” and eventually a “global fundraising platform”
GreenPro is issuing 457,312 restricted shares for its 15% equity stake in Ata Plus.
“The investment by GreenPro is a decisive move not only towards our commitment for financial inclusion, democratisation of wealth and equality of opportunities, but also to fast track our ambition to be a global player. GreenPro’s suite of technological and financial assets will synergise with Ata Plus’ speedy, cost-efficient and easy-to-use fintech solutions, ultimately strengthening our platform’s capabilities to provide the best crowdfunding experience for both our issuers and investors,”
said Elain Lockman, Ata Plus’ Co-Founder and Director.
“Ata Plus’ proven platform for SME fundraising greatly complements GreenPro’s considerable regional financial and technological assets. Together, GreenPro and Ata Plus can generate significant product, customer and cost synergies. We intend to use the Ata Plus platform to provide private high-growth emerging companies – firstly, with frictionless access to a wider pool of global investors, by offering an array of new types of securities made possible with our newly acquired technology and IP; and secondly – with a proven infrastructure for public listing,”
said CK Lee, GreenPro Chief Executive Officer.
Featured image: Signing Ceremony [L to R] Julius Kew, CK Lee, Elain Lockman, Aimi Aizal, Kyri Andreou