VCI Global Limited and Evolve Capital Forge Collaboration to Enhance Market Access and Listing Opportunities Across International Exchanges
05 December 2023 - 12:00AM
VCI Global Limited (NASDAQ: VCIG) (“
VCI Global”,
or the “
Company”) is delighted to unveil a
strategic collaboration with Evolve Capital Advisory Private
Limited (“
Evolve Capital”). This collaboration
seeks to cultivate a comprehensive avenue, providing companies with
enhanced opportunities to facilitate capital markets access through
public listings on NASDAQ or SGX.
Evolve Capital, a boutique investment bank
focusing on growth enterprises across Southeast Asia, brings
extensive expertise in providing comprehensive strategic advice,
including M&A and capital markets capabilities. As a holder of
the Capital Market Services Licence authorised by the Monetary
Authority of Singapore (“MAS”), Evolve Capital is
also an Accredited Mainboard Issue Manager and Catalist Full
Sponsor by the Singapore Exchange Limited (“SGX”).
Additionally, Evolve Capital has achieved the distinction of being
the first Asia-based firm granted the OTCQX and OTCQB Sponsor
license by OTC Markets Group Inc., offering alternative listing
options for in the United States.
While acknowledging the unique strengths of
various international exchanges, this collaboration seeks to
provide companies with an optimal pathway to listing, including
NASDAQ as a strategic option. The U.S. capital markets, renowned
for their size, liquidity, and stability, offer an additional
avenue for global issuers to access capital. The synergistic
strengths of VCI Global and Evolve Capital aim to establish a
versatile platform that caters to the evolving needs of businesses
in today’s dynamic market environment. This endeavour is further
fortified by VCI Global’s extensive consultancy experience, having
played a pivotal role for numerous companies, especially in tandem
with their listing endeavours on NASDAQ.
“This collaboration proves timely, aligning with
the escalating trend of companies, particularly those from this
region, actively pursuing listings, notably on NASDAQ, a platform
rapidly ascending in popularity. One of the primary incentives for
selecting NASDAQ as the listing venue lies in its comparatively
lower minimum prerequisites for qualification. Furthermore, the
positive reception of its entirely electronic trading
infrastructure is noteworthy among a diverse spectrum of traders,”
said Dato Victor Hoo, Group Executive Chairman and Chief Executive
Officer of VCI Global.
Jerry Chua, Chief Executive Officer and Managing
Partner at Evolve Capital, expressed enthusiasm, stating, “The
collaboration with VCI Global signifies a pivotal convergence of
industry acumen and strategic foresight. We eagerly anticipate
harmonising the nuanced strengths of the various international
exchanges, including NASDAQ and SGX, presenting companies with a
bespoke and sophisticated approach to their listing strategies.
This partnership underscores our unwavering dedication to ushering
in a paradigm shift in the landscape of international markets,
where businesses can explore a multifaceted array of listing
options tailored to their unique objectives. Our enthusiasm lies in
guiding companies through the intricate dynamics of global markets,
establishing a collaborative paradigm that redefines possibilities
and elevates our clients’ strategic positioning in the
ever-evolving global marketplace.”
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 U.S.
For more information on the Company, please log
on to https://v-capital.co/.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains forward-looking
statements that are subject to various risks and uncertainties.
Such statements include statements regarding the Company’s ability
to grow its business and other statements that are not historical
facts, including statements which may be accompanied by the words
“intends,” “may,” “will,” “plans,” “expects,” “anticipates,”
“projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,”
“potential” or similar words. Actual results could differ
materially from those described in these forward-looking statements
due to certain factors, including, without limitation, the
Company’s ability to achieve profitable operations, customer
acceptance of new products, the effects of the spread of
Coronavirus (COVID-19) and future measures taken by authorities in
the countries wherein the Company has supply chain partners, the
demand for the Company’s products and the Company’s customers’
economic condition, the impact of competitive products and pricing,
successfully managing and, general economic conditions and other
risk factors detailed in the Company’s filings with the United
States Securities and Exchange Commission. The forward-looking
statements contained in this press release are made as of the date
of this press release, and the Company does not undertake any
responsibility to update the forward-looking statements in this
release except in accordance with applicable law.
CONTACT INFORMATION:
Issued by Imej Jiwa Communications Sdn
Bhd on behalf of VCI Global LimitedFor media queries,
please contact:
Imej Jiwa Communications Sdn
BhdChris ChuahEmail: chris@imejjiwa.com
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