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Angkasa-X Plans IPO in the U.S. Capital Markets
April 29, 2021 GMT
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / April 29, 2021 / Angkasa-X announced the signing of a three-party Memorandum of Understanding (MOU) with the Malaysia’ Penang State Government and University Science of Malaysia (USM) in establishing ASEAN Space Economy by forming ASEAN-LINK satellite constellation to provide satellite internet-connectivity in rural areas in Southeast Asia countries (ASEAN). The total population in ASEAN as of the end of 2020 stands at over 668 million. Out of this huge population, approximately 335 million or 50% of people are living in the rural areas who have inadequate access to internet-connectivity.
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Greenpro Capital Corp.: GreenPro Incubates Angkasa-X LEO Satellite Company In Establishing ASEAN Space Economy
KUALA LUMPUR / ACCESSWIRE / April 26, 2021 / Greenpro Capital Corp. (NASDAQ:GRNQ) today 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.
(Video: http://www.angkasax-innovation.com/uploads/3.mp4 )
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.
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