VCI Global Secures Its First IPO Consultancy Deal in 2024 With a Singapore-Based Fin-MedTech Medical Group
24 January 2024 - 12:00AM
VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”)
has been engaged by a Singapore-based Fin-MedTech Medical Group
(the “Medical Group”) as its initial public offering (“IPO”)
consultant for its intended IPO on Nasdaq which is expected to be
completed in 2024/2025.
The Medical Group offers personalised,
predictive and preventive medicine through a digital wallet and
digital twin, all within its proprietary Fin-MedTech single
platform. This is done by integrating its expertise of financial,
medical and digital transformation technologies. Its mission is to
empower behavioural revolution through data-driven innovations.
Under this engagement, VCI Global will provide
consultancy services in equity structure and capital market
strategy, facilitate engagements of external professionals namely
underwriter, auditor and lawyer; assists in regulatory approval and
provide recommendations in compliance and internal control
matters.
VCI Global will receive payment in shares
throughout the engagement exercise. Subsequently, the estimated
income, to be derived from this consultancy service, is in the
range of USD4 million to USD8 million, pending the IPO
valuation.
“We are honoured that our reputation as an IPO
consultant is fast gaining recognition within global business
communities where we have been engaged by companies from different
countries. With the Medical Group being the latest to engage our
services, we are more than happy to share our experience with them,
enabling them to have a successful IPO exercise,” said Dato’ Victor
Hoo, Group Executive Chairman and Chief Executive Officer of VCI
Global.
About VCI Global Limited
VCI Global Limited has established itself as a
world-class multi-disciplinary consultancy group in the areas of
business, technology, and marketing consultancy. Our dedicated team
of consultants possesses extensive expertise in capital markets,
investor/public relations, marketing, real estate, and technology
consultancy, ensuring the fulfilment and surpassing of clients'
requirements and objectives. Our commitment to excellence ensures
that our valued clients receive not only expert advice, but a
comprehensive partnership aimed at achieving their business goals
and staying ahead in today's competitive business environment.
For more information on the Company, please log on to
https://v-capital.co/.
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, the completion of the offering, the
satisfaction of customary closing conditions related to the
offering, the intended use of proceeds from the offering, 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, market and other conditions, 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 SEC. 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:
For media queries, please contact:
VCI Global Limitedenquiries@v-capital.co
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