May 26, 2023

VCI Global lodges prospectus for Nasdaq listing

FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in New York. REUTERS/Mike Segar/File Photo

PETALING JAYA: A Malaysian entity that provides corporate advisory services has lodged its prospectus in the United States for a listing on the Nasdaq Capital Market.

The Kuala Lumpur-based firm, called VCI Global Ltd, assists companies in their journey to public listings, assists with merger and acquisition activities as well as provides investor relations services to its clients, the prospectus revealed.

It also has a technology consulting arm that develops business automation and financial technology-related software for clients.

VCI Global also owns Kuala Lumpur-based investor relations outfit, Imej Jiwa Communications, that advises over 35 publicly-listed companies on Bursa Malaysia on a retainer basis, VCI Global’s prospectus revealed.

VCI Global launched its prospectus on March 30 and is expected to list within 15 days from then under the ticker VCIG.

The group reported a profit of US$4.8mil (RM21.1mil) on a revenue of US$11.4mil (RM50.3mil) for its financial year ended Dec 31, 2021. For the six months ended June 30, 2022, it recorded a profit of US$3.1mil (RM13.7mil) on a revenue of US$4.8mil (RM21.1mil).


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