KUALA LUMPUR, MALAYSIA / ACCESSWIRE / November 11, 2021 / SEATech Ventures Corp. (OTC PINK: SEAV) proudly announced that Angkasa-X, an incubator of SEATech Ventures Corp, has successfully obtained its membership in the prestigious International Telecommunication Union (ITU) in the radio communications sector (R). ITU is a specialized organization of the United Nations which was established to govern and authorize global telecommunications and space matters.
Angkasa-X’s vision of providing internet connectivity to the underserved population in the Southeast Asia region is now on the verge of becoming a reality with this membership, especially with the formal appointment of BOA Investment Bank of Asia Services Limited as a financial partner who agreed to provide financial facilities to Angkasa-X for the development of low Earth orbit (LEO) satellite constellations.
SEATech Ventures Corp is a founding shareholder and currently owns 13 million shares of Angkasa-X.
SEATech Ventures CEO Mr. Chin said: “The approval of ITU-R membership is a crucial and momentous milestone in Angkasa-X’s journey to become a SpaceTech unicorn of the region of Southeast Asia, and their public listing process on the U.S. Stock Exchange Capital not only is it a huge achievement for Angkasa-X and SEATech Ventures, but we also feel a great sense of pride knowing that the vision Angkasa-X aligns perfectly with the United Nations Social Development (SDG) goal of providing satellite connectivity to the 670 million people of Southeast Asia to improve living standards . “
SEATech Ventures Corp.
CHIN Chee Seong, CEO, Director
Dr. SEAH Kok Wah, Director of Investments, Director
Email: [email protected]
ANGKASA-X is a technology and social inclusion company that strives to provide internet connectivity as a necessity for the betterment of humanity. It consists of a group of companies investing in research and development, creation of intellectual property, procurement of technologies and components, assembly-integration testing, launch and maintenance of advanced satellites in orbit. low terrestrial (LEO). By offering innovative satellite as a service (SaaS) to ASEAN countries. Angkasa-X’s mission is to provide satellite Internet connectivity and other services to remote rural areas in ASEAN countries and neighboring countries to establish the ASEAN space economy through the formation of ASEANLINK LEO Constellation Satellites. Angkasa-X plans to raise funds in the global capital market to invest and operate ASEANLINK LEO Satellite Constellation. She aspires to be a unicorn and the number one company for LEO satellite internet services in the ASEAN region. For more information about the company, please visit http://www.angkasax-innovation.com.
About SEATech Ventures Corp.
Based in Kuala Lumpur, Malaysia, SEATech Ventures Corp. (OTC PINK: SEAV) (a Nevada company) aspires to support and incubate emerging tech companies in Southeast Asia that aim to become the Asian unicorns of tomorrow. SEATech is an incubation platform, bringing together talents with technical, market development and financial expertise. We provide mentoring and consulting services on growth strategy through business consolidation and integration to enable companies to expand their business across Asia. We advise companies to monetize, capitalize and securitize their activities by proposing a financing strategy that includes equity crowdfunding, private placement and IPO. With extensive experience in business and enterprise, our key management team possesses business acumen and has access to a network of managing partners across Asia who are committed to bringing us high quality transaction flows. . SEATech is well positioned to be recognized as an influential Asian enterprise venture capital firm in the transformation, securitization, capitalization and internationalization of Asian technology companies. For more information about the company, please visit http://www.seatech-ventures.com.
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THE SOURCE: SEATech Ventures Corp.
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