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Greenpro signs letter of intent to acquire 18 per cent in First Bullion

GreenPro, Capital Group, AsiaGreenpro Capital, a multinational conglomerate with a portfolio of businesses, announced that it has entered into a non-binding Letter of Intent with First Bullion Holdings and its subsidiaries (First Bullion) and with the shareholder of First Bullion, to acquire an 18 per cent equity interest of First Bullion. This potential acquisition will enhance and strengthen the business of Greenpro’s services comprising company formation, trust and asset protection, family office, financial planning and management, fund management and asset management, which will complement the services offered by First Bullion.

First Bullion is in the business of banking, payment gateway, credit cards, debit cards, money lending, crypto trading and securities token offering (FB Services) and has corporate offices in The Philippines and Hong Kong. The partnership is expected to complement the services of Greenpro and First Bullion where clients will be crossed referred to each other and, to assist their mutual international clients more efficiently and effectively with a higher standard of quality services.

Tang, Chairman of First Bullion Group enthused, “We are enthusiastic and excited about our partnership with Greenpro to continue accelerating the growth of First Bullion. We believe we can benefit from Greenpro’s business insights, resources and network of clients to expand First Bullion’s related banking and finance business not only in the Philippines, but also Hong Kong, Malaysia, Thailand, Singapore and China, where Greenpro already has existing operations.”

Greenpro expects to sign a binding definitive agreement with First Bullion on or before June 30, 2020, subject to the completion of due diligence.

CK Lee, CEO, Greenpro expounded, “This acquisition is in line with Greenpro’s multinational conglomerate business development. This Acquisition represents a partnership with First Bullion and its dedicated team of owners and talents who have been successful in developing such a banking and finance business including the Cryptosx Digital Assets Exchange (https://cryptosx.io/) which will expedite our ADAQ platform development in the ASEAN Region. ADAQ is a next generation online incubation and financial information platform which facilitates connections of private high growth emerging companies with access to potential investors and synergetic companies.

“With the Cryptosx Digital Assets Exchange from First Bullion, supported by the new generation regulated crypto investment bank, we could have a significant synergistic effect together with ADAQ. We strongly believe the partnership will create values for our investors and other stakeholders. Our Company will continue to look for various profitable business opportunities with a view to build a strong brand in the ASEAN Regions, boost the Company’s competitiveness and position our Company for high growth potential.”

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