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Greenpro Capital (GRNQ) Celmonze to IPO in 2023

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Greenpro Capital Corp. (NASDAQ:GRNQ) announced today that its founding company, Celmonze, plans to go public in the US in 2023.

Celmonze has focused on the skin care and beauty products business in Malaysia and Singapore since 2000. Celmonze International Laboratories now includes five research laboratories in Europe and North America with headquarters in Paris, France. Celmonze now has more than 80 stores to serve the market and will continue to grow to a target of 200 stores across the ASEAN region. (https://celmonze.com/)

The ASEAN cosmetics market is expected to grow from US$5.70 billion in 2021 to US$14.75 billion in 2028 at a CAGR of 14.5%.

Greenpro CEO, Dr. CK Lee said: “We foresee many potential start-up and scale-up companies in the Southeast Asia region. Through the SEA Unicorn 2022 Incubation Program, we have identified Celmonze as one of the top 10 finalists and its direction of development aligned with the Environmental, Social and Governance (“ESG”) trends.”

About Greenpro Capital Corp.

Greenpro Capital Corp. (NASDAQ: GRNQ), headquartered in Kuala Lumpur with operations in Nevada, is an incubator with strategic offices across Asia. With a diversified business portfolio spanning finance, technology, banking, CryptoSX and Green-X for STOs, health, wellness and fine arts, and 30 years of experience across multiple industries, Greenpro empowers and assists corporations and high-net-value individuals to grow their value to capitalize and securitise on a global scale. It does this by providing cross-border business solutions, major exchange spin-offs and accounting outsourcing services to small and medium-sized businesses in Asia. The comprehensive range of cross-border business services includes, but is not limited to, trust and wealth management, listing advice, transaction services, cross-border business solutions, records management services, accounting outsourcing services and tax advisory services. Greenpro also operates venture capital businesses, including business development for start-ups and high growth companies.

More information about the company can be found at http://www.greenprocapital.com.

The Green-X exchange can be found at https://www.green-x.io/

Forward-Looking Statements

This press release contains forward-looking statements, particularly with respect to, among other things, the Company’s business plans, statements regarding goals, plans and projections regarding the Company’s financial condition and business strategy. The words or phrases “plan”, “would”, “permit”, “intend”, “may arise”, “expect”, “continue”, “anticipate”, “expect”, “estimate”, “project” “State,” “could,” “may,” “should,” “believe,” “think,” “consider,” or similar expressions are intended to identify “forward-looking statements.” These forward-looking statements have the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by those sections. Actual results could differ materially from those projected in the forward-looking statements due to a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, dependence on third-party information, transactions or orders that may be canceled and other factors that could cause our actual results, performance or achievements or developments in our industry to differ materially from those of our industry anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to fluctuations in local, regional and global economic conditions, the performance of management and our employees, our ability to obtain funding, competition, general economic conditions and other factors discussed in our periodic reports and in documents we file with the Securities and Exchange Commission from time to time. The statements made herein are made as of the date of this press release and should not be relied upon as of any subsequent date, and the Company expressly disclaims any obligation to update any forward-looking statements to reflect events, developments, unanticipated events or circumstances after the date of such statement .

GRNQ has 7,867,188 million shares issued and outstanding with a free float of 3,831,677 shares.

Gilbert Loke, CFO, Director
Greenpro Capital Corp.
E-mail: [email protected]
Telephone: +852-3111 7718


Dennis Burns. Investor Relations.
Tel (567) 237-4132
[email protected]
Telephone: +603-2201 3192
[email protected]

SOURCE: Greenpro Capital Corp.

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