Greenpro Capital Corp. Announces Sale of F&A Entities; $12.5M GVCL Subscription

What Happened

• Greenpro Capital Corp. announced it entered a Share Sale Agreement on September 18, 2026 to sell all issued equity interests in its corporate-advisory and company-secretarial group (the "F&A Entities") to Ms. Chen Yanhong for aggregate cash consideration of HK$3,500,000 (≈ US$446,486 as of Aug 31, 2026). The Buyer is a director of several of the subsidiaries and holds 14 shares of Greenpro common stock. The Company’s audit committee approved the sale on September 8, 2026 and the board approved it on September 11, 2026; closing is expected before the end of September 2026, subject to standard closing conditions and filings.
• Separately, Greenpro’s Anguilla subsidiary, Greenpro Venture Capital Limited (GVCL), entered a Subscription and Shareholder’s Protection Agreement on August 25, 2026 with Greenpro Trust Limited (GTL), under which GTL invested $12,500,000 in GVCL for at least 500 ordinary shares (5% on a fully diluted basis). GVCL immediately received the $12.5M and allotted 500 shares by September 7, 2026. GVCL transferred the $12.5M to its wholly owned digital-banking subsidiary, Global Business Hub Limited (GBHL), on August 25–26, 2026; Labuan approvals and corporate actions to increase GBHL’s paid-up capital were completed by September 17, 2026.

Key Details

• Sale price for F&A Entities: HK$3,500,000 (≈ US$446,486 as of Aug 31, 2026). Buyer: Ms. Chen Yanhong. Agreement signed: Sept 18, 2026.
• GVCL subscription: $12,500,000 invested by GTL for ≥500 shares representing ~5% of GVCL; GVCL valued at $250,000,000 in the agreement. Allotment completed by Sept 7, 2026.
• GVCL → GBHL: $12.5M transferred Aug 25–26, 2026; Labuan regulatory approval and share allotment actions completed by Sept 17, 2026.
• At closing of the F&A sale, all intercompany balances between the sold entities and the remaining group will be irrevocably waived and released.

Why It Matters

• The F&A sale is a divestiture of a small advisory unit for modest cash proceeds (~US$446k) and could streamline Greenpro’s operations. The agreement is board- and audit-committee approved but remains subject to closing conditions.
• The $12.5M GVCL subscription and subsequent capitalization of GBHL represent material funding for Greenpro’s digital-banking push (GBHL holds a Labuan digital-banking license). GVCL’s valuation and GTL’s investor protections (anti-dilution, board appointment rights, repayment/repurchase remedies) may affect future governance and capital decisions. Note: Greenpro holds ~11% of GTL and its CEO and CFO are GTL directors, which is a related-party connection disclosed in the filing.