Greenpro Capital Corp. Completes Sale of F&A Subsidiaries for HK$3.5M

What Happened
Greenpro Capital Corp. (GRNQ) announced and filed that it completed the sale of all issued and outstanding equity interests in its finance & advisory subsidiaries (the “F&A Entities”) to Ms. Chen Yanhong on September 28, 2026. The transaction price was HK$3,500,000 (approximately US$446,486 based on the Aug 31, 2026 exchange rate). The Company previously disclosed the share sale agreement on September 23, 2026.

Key Details

• Buyer: Ms. Chen Yanhong (a director of several of the sold subsidiaries and a holder of 14 shares of Company common stock).
• Entities sold: Greenpro Resources (HK) Ltd., Falcon Corporate Services Ltd., Greenpro Financial Consulting Ltd. (Belize), Greenpro Management Consultancy Ltd. (Shenzhen), Shenzhen Falcon Financial Consulting Ltd., and Greenpro Financial Consulting (Shenzhen) Ltd.
• Closing effects: all intercompany balances, loans, receivables, payables and other obligations between the F&A Entities and the remaining group were waived and released at closing.
• Financial impact: proceeds of ~US$446,486 to be used for general corporate purposes; the Company estimates an additional paid-in capital reduction of $5,303,075 due to the waiver of intercompany balances.
• Accounting treatment: the F&A Entities are reflected as discontinued operations and the Company filed unaudited pro forma condensed consolidated financial statements (Exhibit 99.2) showing the effect as of June 30, 2026; discontinued operations reporting will begin in Q3 2026.

Why It Matters
This transaction removes the F&A business units from Greenpro’s consolidated group and provides a modest cash infusion. Importantly, the waiver of intercompany balances produces a material equity reduction (estimated $5.3M reduction in additional paid-in capital) which may affect shareholders’ equity even though cash received is limited. Investors should review the filed pro forma financial statements and the discontinued-operations presentation to understand how the sale changes the company’s balance sheet, equity, and future reported results.