VCI Global Ltd Stock Price, News & Analysis

VCI Global Limited (NASDAQ: VCIG) announced a proposed 70% acquisition of LOCUS-T Sdn Bhd for RM13.44 million (approx. US$3.03 million). The acquisition aims to leverage LOCUS-T’s extensive client portfolio of over 1,000 SMEs and multinational clients, enhancing VCI's consultancy services. LOCUS-T has over 20 years of expertise in digital marketing and holds both Google Premier Partner and Meta Business Partner statuses. This move is expected to expand VCI Global's market reach and create new revenue streams through cross-selling opportunities between VCI’s business consultancy and LOCUS-T’s marketing services. The agreement also includes a right of first refusal for the remaining 30% stake in LOCUS-T. The acquisition aligns with the industry's shift towards digitalization, promoting client retention and business growth for VCI Global.

VCI Global Limited (NASDAQ: VCIG) closed its initial public offering, offering 1,280,000 ordinary shares at $4.00 each, raising gross proceeds of $5,120,000 before expenses. Boustead Securities, LLC and Sutter Securities, Inc. served as underwriters for the offering. The registration statement for these securities was approved by the SEC on March 30, 2023. VCI Global operates in Malaysia, providing consulting services across various industries, including business strategy and technology consultancy. This offering aims to enhance the company's capital base to support growth initiatives and expand its service offerings to clients both locally and internationally.

VCI Global Limited (NASDAQ: VCIG) announced its ordinary shares began trading on The Nasdaq Capital Market on April 13, 2023, closing at $4.25. The Company priced its public offering of 1,280,000 shares at $4.00 each, generating gross proceeds of $5,120,000 before expenses. Boustead Securities, LLC and Sutter Securities, Inc. served as underwriters for the offering. The registration statement was declared effective on March 30, 2023, and the offering was conducted through a prospectus. VCI Global provides consulting services across various sectors, mainly operating in Malaysia, with some clients in China, Singapore, and the US.

VCI Global Limited (NASDAQ: VCIG) has announced that its ordinary shares started trading on The Nasdaq Capital Market on April 13, 2023. As part of this transition, the company priced a public offering of 1,280,000 shares at $4.00 per share, aiming to raise $5,120,000 in gross proceeds. The underwriters for this offering are Boustead Securities, LLC and Sutter Securities, Inc. The registration statement was declared effective on March 30, 2023. VCI Global provides consulting services in business and technology, primarily serving clients in Malaysia, but also extending its services to clients in China, Singapore, and the US. The press release includes cautionary forward-looking statements regarding the company's growth and operational risks, emphasizing factors that could impact its performance.

VCI Global Limited (NASDAQ: VCIG) has announced the pricing of its initial public offering (IPO) of 1,280,000 ordinary shares at $4.00 each, totaling $5,120,000 in gross proceeds. The underwriters have a 45-day option to purchase an additional 192,000 shares at the same price for over-allotments. The shares will begin trading on the Nasdaq Capital Market today, April 13, 2023, with the closing of the offering expected on April 17, 2023, subject to standard conditions. Boustead Securities, LLC and Sutter Securities, Inc. are the underwriters for this offering. The registration statement for these securities was declared effective on March 30, 2023, and interested parties can find the prospectus on the SEC's website.