VCI Global Announces Secondary Listing on the Frankfurt Stock Exchange, Expanding its Market Reach
Rhea-AI Summary
VCI Global (NASDAQ: VCIG) announced its secondary listing on the Frankfurt Stock Exchange under the ticker symbol 'H0T.' This move aims to boost VCIG's global presence and attract European investors. The Frankfurt Stock Exchange is Germany's largest and ranks third in Europe, with a market capitalization of US$2.17 trillion. This listing aligns with VCIG's strategy to diversify revenue streams and maximize shareholder value. The company specializes in consulting, fintech, AI, robotics, and cybersecurity, with significant operations across Asia, the US, Europe, and the Middle East.
Positive
- Secondary listing on the Frankfurt Stock Exchange boosts global presence.
- Access to a broader investor base in Europe.
- Alignment with strategic objectives to diversify revenue streams.
- Enhanced visibility in consulting, fintech, AI, robotics, and cybersecurity sectors.
Negative
- None.
News Market Reaction – VCIG
In the trading session that priced this news, VCIG gained 1.53%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
KUALA LUMPUR, Malaysia, June 28, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, “VCIG”, or the “Company”), a diversified holding company specializing in consulting, fintech, AI, robotics and cybersecurity, is pleased to announce its secondary listing on the Frankfurt Stock Exchange under the ticker symbol “H0T” (Frankfurt: H0T) in the Open Market.
This strategic move marks a significant step in enhancing VCIG’s global presence and expanding its shareholder base to European investors. This new listing underscores VCIG’s commitment to innovation and growth in key sectors, aiming to capture new opportunities in Europe’s dynamic business landscape.
The Frankfurt Stock Exchange, the largest stock exchange in Germany and one of the largest globally, ranked third in Europe just after Euronext and the London Stock Exchange, with a market capitalization of US
“Our expansion into the European market aligns with our strategic objectives to diversify revenue streams and maximize shareholder value. Listing on the Frankfurt Stock Exchange provides enhanced visibility and access to a broader investor base, strengthening our presence in consulting, fintech, AI, robotics, and cybersecurity,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
About VCI Global Limited
VCI Global is a diversified holding company. Through its subsidiaries, it focuses on consulting, fintech, AI, robotics, and cybersecurity. Based in Kuala Lumpur, Malaysia, our main operations are centered in Asia, with significant visibility across Asia Pacific, the United States, Europe, and the Middle East. VCIG primarily offers consulting services in capital markets, real estate, AI, and technology. In technology businesses, the company operates a proprietary financing platform that serves companies and individuals, as well as a secured messaging platform serving governments and organizations. We also invest, incubate, accelerate, and commercialize businesses and technologies in AI and robotics.
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 Limited
enquiries@v-capital.co
