Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.
Shares in Greenpro Capital (NASDAQ: GRNQ)- the diverse business incubator specializing in finance, technology, banking, and wellness – soared 110% as the market opened on Monday. Such an ecstatic rise on only be blamed on its incubated company Angkasa-X and the news that it is has been successfully admitted as an ITU-R member.
With that, Angkasa-X is filing an application to launch a series of Low Earth Orbit satellites in a mission to bring internet connection to stricken locations across the planet.
The initiation has led to a Financial Advisory Agreement with BOA Investment Services Limited, a wholly-owned subsidiary of Bank of Asia for the future financing of Angkasa-X’s ASEANLINK LEO Satellite Constellations – a network of satellites bringing global internet possibilities.
Optimized growth is high on the agenda, with Greenpro looking to list Angkasa-X via an IPO on a U.S exchange in the months to come. Space stocks have caused more than a hum in the markets for the last year, so it might be worth keeping an eye open for this one.
Dr. Lee, CEO of Greenpro mentioned:
“We are proud that Angkasa-X is set to become a SpaceTech Unicorn with its vision aligned with the United Nations SDGs, to provide satellite connectivity services to serve the 670 million Southeast Asia mass populations.”
Greenpro stock is trading around 2.06 at the time of writing, sitting on gains of around 137%.
One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .