Greenpro Capital To Distribute SEATech Shares As Dividend

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  • Greenpro Capital Corp GRNQ announces the distribution of ~6.6 million shares of common stock of SEATech Ventures Corp. SEAV to its shareholders of record on August 31, 2021.
  • GRNQ owns a total of 10 million shares of SEATech.
  • SEAV shares are quoted on the OTC Pink Sheets, and it plans to apply to up-list to a mainboard stock exchange in 2022. The recent closing price of SEAV was $2.08, representing a dividend value of $13.7 million to GRNQ shareholders. 
  • The dividend will comprise approximately one share of SEAV Rule 144 Restricted common stock for roughly every ten shares of GRNQ common stock issued and outstanding on the record date.
  • Price Action: GRNQ shares are trading lower by 1.92% at $0.7195 on the last check Tuesday.
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