Greenpro Capital has signed the investment agreement of public and private partnerships for the development of digital finance and the sharia-compliant economic zone in Brunei and in the growth zone of eastern ASEAN to be served


Enter Wall Street with StreetInsider Premium. Claim your 1-week free trial here.


KUALA LUMPUR, MALAYSIA / ACCESSWIRE / August 6, 2021 / Greenpro Capital Corp. (NASDAQ: GRNQ). announces that on August 2, 2021, it signed a public and private partnership investment agreement with IHTHS Corporation, with testimony from BIMP-EAGA Business Council. The aim of this new partnership is to build a sharia-compliant environment Digital finance and economic zone, and to realize the initiative of BIMP-EAGA to stimulate innovation-based development, and to facilitate and promote the development of Sharia-compliant digital finance center.

This new Digital Finance & Economic Zone will serve as a platform for high quality commercial operators to co-participate in the development of the BIMP-EAGA region. This new zone will enable high-speed economic growth, while maintaining a strong focus on best environmental, social and governance practices. The key elements include:

  • First economic zone to be developed and operate under a public and private partnership (“PPP”) program in Brunei.
  • Approved by Brunei Darussalam Business Council BIMP-EAGA and approved by BIMP-EAGA.
  • Greenpro Capital Corp. (“GRNQ”) to act as chief architect in the design, development and operation of the Digital Finance Center.

First Bullion Holdings Inc. (“First Bullion”), a subsidiary of Greenpro and a leading digital asset and security token exchange offering, will be the exclusive provider of technology solutions and advise in the design, development, operations and compliance framework, rating rules, accreditation model and related technical considerations and requirements.

With over 1.9 billion Muslims worldwide, the new Digital Finance & Economic Zone will be the first Syariah-compliant digital ecosystem to deliver:

  • New offshore company rules for international business companies that will allow users to register companies online and open a bank account remotely.
  • New rules for listing and trading digital assets and trading digital assets to enable companies to raise capital and conduct secondary transactions by leveraging blockchain technology and retail finance.
  • A new reciprocal recognition agreement to unite BIMP-EAGA members and expand the partnership with other ASEAN countries through the Digital Asset Brokers and Agents Affiliate Program.

A number of Sharia-compliant projects and companies have already been identified and will become the STO’s pilot cases for the New Digital Asset Exchange. They cover a wide range of industries from textiles to pyrolusite water technology, agritech, logistics and supply chain.

Dr CK Lee, CEO of GRNQ, shared his thoughts on the new digital economic zone “The pandemic has hit overseas travel very hard. However, the demand for online sales of Syariah related products never stops. The new digital Economic Zone can provide a complete platform to meet users with all the requirements of Syariah. We will work closely with IHTHS and BDBEBC to develop an exciting new ecosystem, while honoring the cultural and economic character of Brunei.

About IHTHS Corporation

IHTHS Corporation is a private sector-led pioneer that facilitates the promotion of global standard companies through the various stages of development by creating good business leaders, partnering with key players in BIMP-EAGA, and through the halal economy and the Sharia-compliant ecosystem, in line with the BIMP-EAGA 2025 vision. The mission of the IHTHS is to make the EAGA region an international center of halal trade on the value chain and Sharia-compliant business services, and promote the ASEAN economic community to develop as industries and production base for the global Islamic community. Marlet. For more information please visit https://bdbebc.ihths.com/web/2021/08/05/brunei-darussalam-bimp-eaga-business-council-approves-to-build-the-syariah-compliance-digital-economic-zone/

About Brunei Darussalam BIMP EAGA Business Council

The BIMP-EAGA Business Council represents the private sector in BIMP-EAGA. The Council enjoys “fifth country” status at meetings of senior officials, with its chairman having the same rank as other senior officials in political discussions. On a rotating basis, the Council Presidency is currently held by the Brunei Darussalam BIMP-EAGA Business Council (BDBEBC). BDBEBC’s strategic initiative is to promote the development of the BIMP-EAGA region as the main economic platform to move towards the halal economy through the main private sector developments, the main objective being to make the Brunei Darussalam an international halal trading center with the flow of Sharia Compliance and Trade Services and promotion of the ASEAN economic community as industries and production base for the global Islamic market. For more information please visit https://bdbebc.ihths.com/web/.

About BIMP-EAGA

The Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Zone, or BIMP-EAGA, is a cooperative initiative established in 1994 to stimulate development in remote and less developed areas of the four participating Southeast Asian countries . Through BIMP-EAGA, the four countries aim to generate balanced and inclusive growth as well as contribute to regional economic integration in the ASEAN Economic Community. The aim of BIMP-EAGA is to stimulate trade, tourism and investment by facilitating the movement of people, goods and services across borders, making the best use of common infrastructure and natural resources and leveraging the better use of economic complementarity. For more information please visit https://www.bimp-eaga.asia/.

About First Bullion Holdings Inc,

Armed with cutting-edge technologies, First Bullion, marketed as “CryptoSX”, builds a cutting-edge crypto exchange platform for STO, backed by Fiat / Crypto conversion capabilities. The exchange is the preferred digital platform for businesses looking to tokenize their assets, issue and trade security tokens. CryptoSX complies with all applicable Philippine government financial and virtual exchange policies and regulations under CEZA (Cagayan Economic Zone Authority). The exchange platform received a full master license from CEZA in 2018. Since then, CryptoSX has worked closely with CEZA to develop and improve STO registration procedures, as well as compliance and compliance requirements. report.

About Greenpro Capital Corp.

Based in Kuala Lumpur, Greenpro Capital Corp. (NASDAQ: GRNQ), a Nevada-based company, with strategic offices across Asia, is a business incubator with a diverse business portfolio including finance, technology, banking, CryptoSx for STOs, health and welfare and fine. art. With 30 years of experience in various industries, Greenpro has helped and supported high net worth businesses and individuals to capitalize and secure their value globally through the provision of cross border business solutions, spillover to major exchanges and services. outsourcing of accounting to small and medium-sized companies located in Asia. The full range of cross-border business services includes, but is not limited to, trust and wealth management, listing advisory services, transaction services, cross-border business solutions, case management services, investment banking services. ‘outsourcing of accounting and tax advisory services. We also operate venture capital activities, including business development for start-ups and high growth companies, spanning finance, technology, FinTech, health and wellness. For more information about the Company, please visit http://www.greenprocapital.com.

Forward-looking statements
This press release contains forward-looking statements, in particular relating to, among other things, the business plans of the Company, statements relating to objectives, plans and projections concerning the financial position and the commercial strategy of the Company. The words or expressions “plans”, “would”, “will allow”, “the intention of”, “may result”, “should”, “continue”, “anticipates”, “expects”, “,” “plan”, “indicate”, “could”, “potentially”, “should”, “believe”, “think”, “consider” or similar expressions are intended to identify “forward-looking statements.” These forward-looking statements are at 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 forward-looking statements due to a number of risks and uncertainties. These forward-looking statements are based on current expectations, involve known and unknown risks, dependence on third parties for information, transactions or orders which may be canceled , and other factors which may e ncause our actual results, performance or achievements, or the development of our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by these forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties relating to fluctuating local, regional and global economic conditions, the performance of management and our employees, our ability to achieve financing, competition, general economic conditions and other factors which are detailed in our periodic reports and on documents that we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon at any later date, and the Company specifically disclaims any obligation to update any forward-looking statements to reflect unforeseen events, developments, events. or circumstances after the date of this declaration.

CONTACT:

Gilbert Loke, Chief Financial Officer, Director
Greenpro Capital Corp.
Email: [email protected]
Phone: + 852-3111 7718

Contact Dennis Burns. Investor Relations.
Phone (567) 237-4132
[email protected]

THE SOURCE: Greenpro Capital Corp.

See the source version on accesswire.com:
https://www.accesswire.com/658691/Greenpro-Capital-Signed-the-Public-and-Private-Partnerships-Investment-Agreement-for-the-Development-of-Shariah-Compliant-Digital-Finance-Economic- Zone-in-Brunei-and-Est-ASEAN-Growth-Zone-to-Serve-over-19-Billion-Muslims-in-the-World


Source link

Comments are closed.