secwatch.observer — SEC 8-K summary
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Issuer:     Greenpro Capital Corp. (GRNQ)
CIK:        0001597846
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0001493152-22-011376
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Greenpro Capital restates Q1 2021 results; erroneously recorded Hong Kong property sale
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- Non-reliance on previously filed Q1 2021 Form 10-Q due to error in recording sale of a Hong Kong real estate property.
- Restatement decreases sales revenue by $383,445 and increases real estate held for sale by $246,087.
- Other adjustments: cost of property sold down $253,276, interest income down $1,433, accrued liabilities up $45,843.
- Audit Committee authorized restatement; discussed with auditor JP Centurion & Partners PLT.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597846/000149315222011376/0001493152-22-011376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597846/000149315222011376/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-011376

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