Benzinga | Aug 17, 2021 02:21PM EDT

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.