VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the
“Company”) today announced its approval to dual list its
shares on Upstream, the revolutionary trading app for digital
securities and Non-Fungible Tokens (NFTs) powered by Horizon Fintex
(“Horizon”) and MERJ Exchange Limited
(“MERJ”). Trading becomes available on Upstream on
September 19, 2023, at 10:00am ET under the ticker symbol “VCIG.”
The dual listing on Upstream is designed to
provide VCI Global the opportunity to access a global,
digital-first investor base outside the U.S. that can trade using
USDC digital currency along with credit, debit, PayPal, and USD,
unlocking liquidity and enhancing price discovery while globalizing
the opportunity to invest in the Nasdaq-listed company.
Investors outside the U.S. can get ready to
trade by downloading Upstream from their preferred app store at
https://upstream.exchange/, creating an account by tapping Sign Up,
and completing a simple KYC identity verification by tapping the
settings icon on the home screen and tapping KYC.*
Existing non-U.S. shareholders may transfer
their shares by opening Upstream, tapping Investor, Manage
Securities, Deposit Securities, then entering the ticker symbol
VCIG and the number of shares to deposit, and tapping Submit. Next,
enter your brokerage firm name and brokerage account number, and
tap Submit. Finally, tap Add E-Signature, sign your name on the
screen using your finger, tap Done, and then tap Sign.
After completion of the deposit request on
Upstream, shareholders will receive via email an executed
deposit form to submit to their current brokerage firm to initiate
a withdrawal to the transfer agent. Shares will not be
transferred without notifying the current broker and requesting a
withdrawal. On the listing day, shareholders will receive a
push notification once the shares are deposited and available for
trading on Upstream.
Details on the Company listing, detailed deposit
and trading instructions, and how to claim the free commemorative
NFT can be found at https://ir.v-capital.co/upstream_faq/. The
Upstream market is open 5 days a week for 20 hours a day, Monday to
Friday: 10:00am to 06:00am UTC+4 (1:00am to 9:00pm EST).
Traders on Upstream’s blockchain-powered
platform will experience real-time trading and settlement, and a
transparent orderbook which does not permit common market
manipulations. On the listing day, Upstream participants will be
eligible to claim a free digital collectible (NFT) memorializing
the dual listing on Upstream. Shareholders may also be entitled to
participate in future digital promotions which may be redeemed for
products, services, or experiences for added value.
“We are undoubtedly delighted to have secured
the approval to be listed on Upstream. The approval basically paths
our way onto our next phase of growth, entrenching our position in
the AI field. We at VCI Global have maintained that AI is the way
of the future and being approved to list on Upstream’s next
generation market aligns with our forward-thinking plans,” said
Dato’ Victor Hoo, Group Executive Chairman and Chief Executive
Officer of VCI Global.
About VCI Global Limited
VCI Global is a multi-disciplinary consulting
group with key advisory practices in the areas of business and
technology. The Company provides business and boardroom strategy
services, investor relation services, and technology consultancy
services. Its clients range from small-medium enterprises and
government-linked agencies to publicly traded companies across a
broad array of industries. VCI Global operates solely in Malaysia,
with clients predominantly from Malaysia, but also serves some
clients from China, Singapore, and the US.
For more information on the Company, please log
on to https://v-capital.co/.
About Upstream
Upstream, a MERJ Exchange Market
(merj.exchange), is a fully regulated global stock exchange for
digital securities and NFTs. Powered by Horizon's proprietary
blockchain-powered matching engine technology, the platform enables
users to trade NFTs, and invest in securities for IPOs, crowdfunded
companies, U.S. & international equities, and celebrity
ventures using the Upstream app. For more information, please visit
https://upstream.exchange/. Upstream is currently accepting
applications to dual list at
https://upstream.exchange/getlisted.
Disclaimers
This communication shall not constitute an offer
to sell securities or the solicitation of an offer to buy
securities in any jurisdiction where such offer or solicitation is
not permitted.
NFTs have no royalties, equity ownership, or
dividends. NFTs are for utility, collection, redemption or display
purposes only. Anyone may buy and sell NFTs on Upstream.
*U.S. or Canadian-based citizens or permanent
residents may only deposit, buy, or sell securities on Upstream
after being introduced by a licensed broker dealer. Note that U.S.
or Canadian-based investors include those U.S. or Canadian citizens
who may be domiciled overseas. All orders for sale are
non-solicited by Upstream and a user’s decision to trade securities
must be based on their own investment judgement. Anyone may buy and
sell NFTs on Upstream.
Upstream is a MERJ Exchange market. MERJ
Exchange is a licensed Securities Exchange, an affiliate of the
World Federation of Exchanges, a National Numbering Agency and
member of ANNA. MERJ is regulated in the Seychelles by the
Financial Services Authority Seychelles, https://fsaseychelles.sc/
an associate member of the International Association of Securities
Commissions (IOSCO). MERJ supports global issuers of traditional
and digital securities through the entire asset life cycle from
issuance to trading, clearing, settlement, and registry. It
operates a fair and transparent marketplace in line with
international best practices and principles of operations of
financial markets. Upstream does not endorse or recommend any
public or private securities bought or sold on its app. Upstream
does not offer investment advice or recommendations of any kind.
All services offered by Upstream are intended for self-directed
clients who make their own investment decisions without aid or
assistance from Upstream. All customers are subject to the rules
and regulations of their jurisdiction. By accessing the site or
app, you agreed to be bound by its terms of use and privacy policy.
Company and security listings on Upstream are only suitable for
investors who are familiar with and willing to accept the high risk
associated with speculative investments, often in early and
development stage companies. There can be no assurance the
valuation of any particular company’s securities is accurate or in
agreement with the market or industry comparative valuations.
Investors must be able to afford market volatility and afford the
loss of their investment. Companies listed on Upstream are subject
to significant ongoing corporate obligations including, but not
limited to disclosure, filings, and notification requirements, as
well as compliance with applicable quantitative and qualitative
listing standards.
Forward-Looking Statements
This communication contains “forward-looking
statements.” Such statements may be preceded by the words
“intends,” “may,” “will,” “plans,” “expects,” “anticipates,”
“projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,”
“potential,” or similar words. Forward-looking statements are not
guarantees of future performance, are based on certain assumptions,
and are subject to various known and unknown risks and
uncertainties, many of which are beyond the Company’s control, and
cannot be predicted or quantified, and, consequently, actual
results may differ materially from those expressed or implied by
such forward-looking statements. Such risks and uncertainties
include, without limitation, risks and uncertainties associated
with (i) difficulties in obtaining financing on commercially
reasonable terms; (ii) changes in the size and nature of our
competition; (iii) loss of one or more key executives or brand
ambassadors; and (iv) changes in legal or regulatory requirements
in the markets in which we operate. The Company assumes no
obligation to publicly update or revise its forward-looking
statements as a result of new information, future events or
otherwise.
CONTACT INFORMATION:
Issued by Imej Jiwa Communications Sdn
Bhd on behalf of VCI Global Limited
For media queries, please contact:
Imej Jiwa Communications Sdn
Bhd
Chris Chuah
Email: chris@imejjiwa.com
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