VCI Global Bags Another IPO Contract in Partnership With Legacy Corporate Advisory
30 January 2024 - 11:30PM
VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”)
is awarded an initial public offering (“IPO”) contract to list one
of the largest Information Technology companies in Malaysia (“IT
Company”), providing cutting-edge cross-border technology solutions
and services.
A Memorandum of Understanding (“MOU”) was inked
yesterday between VCI Global and Legacy Corporate Advisory Sdn Bhd
(“Legacy Corporate Advisory”), solidifying their commitment to
establishing a strategic alliance. This collaborative venture
reflects a dedication to mutual cooperation, leveraging respective
strengths and resources, and jointly exploring new market
opportunities, particularly in relation to IPOs on stock exchanges
in the United States.
This partnership has resulted in their first IPO
contract with the Malaysian-based IT Company, where synergies are
achieved through the sharing of IPO and corporate consultancy
knowledge and expertise between VCI Global and Legacy Corporate
Advisory.
Renowned for delivering technologically
innovative, client-centric, and comprehensive cross-border
technology solutions, applications, and infrastructure setup for
both public and private sector clientele, the IT Company achieved
an outstanding revenue growth of 250% in the last fiscal year
alone, complementing its 3-year compound annual growth rate (CAGR)
of 194% in revenue. The IT Company anticipates the completion of
its planned IPO on Nasdaq by the end of 2024.
“Our strategic partnership with VCI Global,
aimed at delivering top-notch IPO consultancy services, and sealed
by our inaugural deal with one of Malaysia’s largest IT companies,
marks the beginning of a transformative journey into the heart of
market expansion and sustainable business growth,” affirmed Nelson
Goh Thuan Peck, Director of Legacy Corporate Advisory.
“We are undoubtedly honored to form this
strategic collaboration with Legacy Corporate Advisory, pooling our
expertise and resources to provide enhanced consultancy services
for companies undertaking IPOs, particularly on US stock exchanges.
This collaboration reflects our commitment to delivering
value-added solutions and supporting our clients’ growth
ambitions,” 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/.
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 (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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