Greenpro Capital To Distribute SEATech Shares As Dividend

Greenpro Capital Corp (NASDAQ:GRNQ) announces the distribution of ~6.6 million shares of common stock of SEATech Ventures Corp. (OTC: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.