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Greenpro Capital Corp. (NASDAQ:GRNQ) has announced their incubation of Angkasa-X for its LEO SATCOM 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.

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 close 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. The Sputnik NFTs have a value of 1 ETH each. The recent price of ETH was $2,479, resulting in a current “mark to market” profit of $379 per NFT on this investment.

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).”