NEWS: Greenpro Signs Agreement to Acquire part of Millennium Sapphire
Wednesday, May 27, 2020 8:00 AM EDT
HONG KONG / ACCESSWIRE / May 27, 2020 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that it has signed a Sale and Purchase Agreement to acquire 4% of the Millennium Sapphire for US$4 million. The acquisition will be paid via the issuance of 4.44 million GRNQ restricted shares valued at $0.90 per share.
The two parties have 30 days to complete the acquisition. GRNQ is currently negotiating to buy the remaining 96% interest in the Millennium Sapphire into its wholly owned Wyoming subsidiary, Millennium Fine Arts, Inc.
About the Millennium Sapphire
The Millennium Sapphire is widely considered an icon in world of art and gems. It is one of the most documented gemstones of modern times. Since its discovery in Madagascar in 1995, this remarkable blue gem has appeared on CNN, BBC, NBC, FOX and numerous other television networks around the world. It has been written about in virtually every major newspaper and has been the subject of articles published in dozens of magazines, such as Forbes and others.
Independent gemological laboratory reports on the Millennium Sapphire include The Gemological Institute of America (GIA), Gubelin Gemological Laboratory, Switzerland, and the Asian Institute of Gemological Sciences (AIGS), Thailand. Additionally, the Millennium Sapphire was recognized in 2001 in the Guinness Book of records as the largest carved sapphire in the world at 61,500 carats.
World renowned gemologists have commented extensively on the Millennium Sapphire. "This crystal is the largest single piece of gem quality sapphire that I know of. It is very rare to see such a large piece of such good color," said Marcus McCallum, FGA, London. Garry Du Toit, now with the GIA, Bangkok said, "It is definitely gem grade sapphire, a fine gem blue color. Other famous blue sapphires can not compare in terms of size, weight and quite possibly color". And finally, Christian Dunaigre, formerly with the Gubelin Gemological Laboratory, Switzerland said, "This sapphire is everyone's dream".
In their report of 13 November 2000, Gubelin staff members Christopher P. Smith and Nicole Surdez commented: The Millennium Sapphire was an "ornately carved gem" and a "striking art object".
The Millennium Sapphire was a multi-year design and carving project directed by Italian artist and designer Alessio Boschi. Boschi's designs have been widely published and his art displayed in internationally respected venues such as the Metropolitan Museum of Art, New York, and he has won several international jewelry design competitions in Hong Kong, New York, Beijing, Madrid and London, including awards sponsored by Chopard and Charles Perroud S.A.
Boschi's inspiration for the Millennium Sapphire was to sculpt a tribute to the creative genius of humanity. Starting from a base of human figures supporting the four doors of air, water, earth and fire, the sapphire takes us on an upward winding spiral helix through history depicting over 134 figures representing the high points of man's achievements over the last 5000 years including the Pyramids of Giza, Confucius, Archimedes, the Great Wall of China, Julius Caesar, Mayan hieroglyphic writing, Leonardo da Vinci, Christopher Columbus, Michelangelo, Galileo, Newton, Bach, Mozart, Beethoven, Benjamin Franklin, Pasteur, Monet, Edison, Einstein, Charlie Chaplin, Louis Armstrong, Gandhi, Neil Armstrong, Mother Teresa and a host of others.
The Sapphire Sea, by John Robinson, a fictional novel, published in November 2003 was inspired by the discovery of the then unnamed Millennium Sapphire.
About the Millennium Sapphire Business
GRNQ plans to take the Millennium Sapphire on a world tour of museums around the world as well as to develop documentaries and include it in the plots of feature films. CEO CK Lee said, "We will develop the business and cash flows of the Millennium Sapphire through branding and licensing along with royalties and ticket sales through major museums worldwide. We are negotiating to acquire an art gallery business right now and we will retain some of the top art and promotions experts globally to develop and manage this amazing art treasure."