What happened
Greenpro Capital Corp. (NASDAQ: GRNQ) said it completed the sale of its F A Entities to Ms. Chen Yanhong on September 28, 2026.
The share sale agreement was signed on September 18, 2026. Ms. Chen Yanhong is a director of GMCSZ, SZFFC, GFCSZ and FCS, and she holds 14 shares of the company's common stock. The F A Entities principally provide corporate advisory services and company-secretarial services in Hong Kong and China.
Key numbers
| Metric | Latest | Change | Source |
|---|---|---|---|
| Cash consideration | HK$3,500,000 | SEC 8-K | |
| Estimated loss on sale | $130,679 | SEC 8-K | |
| Pro forma service revenue, year ended December 31, 2025 | $492,293 | from $1,843,968, -$1,351,675 | Calculated from SEC 8-K |
| Pro forma net loss, year ended December 31, 2025 | $1,489,182 | from $2,982,333, -$1,493,151 | Calculated from SEC 8-K |
| Cash and cash equivalents, June 30, 2026 | $896,319 | from $634,440, +$261,879 | Calculated from SEC 8-K |
Why it matters
That includes working capital, internal operational improvement initiatives and business development.
The pro forma 2025 figures show the revenue base that leaves with the deal. Service revenue would have been $492,293 instead of $1,843,968, and net loss would have been $1,489,182 instead of $2,982,333.
For the year ended December 31, 2024, service revenue would have been $590,491 instead of $3,091,903, and net loss attributable to common stockholders would have been $1,172,509 instead of $715,284.
Greenpro also estimated a $130,679 loss on the sale and $8,000 of advisory and professional fees. The estimated loss may change at closing.
The pro forma balance sheet also shows cash and cash equivalents of $896,319, up from $634,440, while total liabilities fall to $1,489,067 from $2,575,633.
That helps explain why investors care, because the sale changes both liquidity and revenue mix.
What's next
Greenpro said its current estimates are preliminary and could change as it finalizes discontinued-operations accounting for the Quarterly Report on Form 10-Q for the nine months ended September 30, 2026.
That report is the next test for whether the final accounting stays near $130,679 and whether the remaining business can absorb the smaller advisory footprint.
A smaller loss would support the cash side of the deal. A larger loss or a weaker remaining revenue base would cut against it.
Sources
- SEC 8-K Exhibit 99.2 — Unaudited pro forma condensed consolidated financial statements and share sale agreement for the sale of the F A Entities.
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Originally published on OptimistFi, evidence-first equity research. More at optimistfi.com.
