VCI Global Announces New Material Contract With Reveillon Group for IPO Consulting Services
06 February 2024 - 12:00AM
VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”)
is pleased to announce its engagement by Reveillon Group Sdn Bhd
(“Reveillon Group”), a Malaysian company operating in the food and
beverage as well as the entertainment industry, as its initial
public offering (“IPO”) consultant. The projected revenue from this
consulting service is expected to fall within the USD $4 million to
USD $8 million range, subject to the valuation of the IPO. The
anticipated IPO for Reveillon Group, aiming to list on Nasdaq, is
expected to be completed in 2024/2025.
Reveillon Group, a vertically integrated food
and beverage company with multiple brands and chain of outlets in
Malaysia’s vibrant hospitality industry, manages and operates
restaurants, lounges, bars, and other refreshment venues. In
addition to its diverse portfolio of establishments, Reveillon
Group provides production, sales, and distribution services for a
wide range of food, as well as alcoholic and non-alcoholic
beverages.
In this engagement, apart from offering
consultancy services related to equity structure and capital market
strategy, VCI Global will play a crucial role in coordinating with
external professionals, including underwriters, auditors, and
lawyers, to ensure the successful execution of the IPO exercise.
VCI Global will also provide assistance in obtaining regulatory
approvals and offer recommendations on compliance matters and
internal controls.
“We are pleased to be selected by Reveillon and
look forward to working with the team to provide them with the
experience and resources to help them grow and mature. We are eager
to share our experiences with Reveillon Group, contributing to the
success of their upcoming IPO exercise and further solidifying our
position as a trusted IPO consultant,” 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/.
About Reveillon Group
Reveillon Group is a vertically integrated food
and beverage (F&B) company that primarily engages in managing,
operating, and owning a diverse portfolio of F&B
establishments, including restaurants, lounges, bars, and other
refreshment venues. The company additionally offers production,
sales and distribution services for a diverse array of food, as
well as alcoholic and non-alcoholic beverages. Reveillon Group’s
integrated strategy underscores the production, sale, and
distribution of high-quality food and beverage offerings.
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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