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GreenPro Incubates Angkasa-X LEO Satellite Company In Establishing ASEAN Space Economy

April 26, 2021

Greenpro Capital Corp.announced its incubation of Angkasa-X for its Low Earth Orbit (LEO) satellite communication project. Three parties signed a Memorandum of Understanding (MOU) including the Malaysia Penang State Government and University Science of Malaysia (USM) in establishing the ASEAN Space Economy by forming the ASEAN-LINK satellite constellation.

Angkasa-X also signed a Memorandum of Agreement (MOA) with USM in the Space Technology and Satellite Engineering Talent Development Programme.

Greenpro owns 28 million shares of Angkasa-X and is planning to list the company via an IPO on a U.S. exchange by the end of 2021. 

Greenpro intends to allocate and sell a portion of the 7,700 Sputnik NFTs (acquired on April 22nd) to back the Angkasa-X.

Greenpro CEO Dr.CK Lee said: “we are delighted to participate in establishing the ASEAN Space Economy with our revolutionary fintech model in selling NFTs and building up a technological-social inclusion unicorn company with its vision that is aligned with the United Nation’s Sustainable Development Goals (SDGs).”


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