VCIG VCI GLOBAL LTD

VCI Global Appointed IPO Consultant By Mojo Meta International

VCI Global Appointed IPO Consultant By Mojo Meta International

KUALA LUMPUR, Malaysia, Aug. 02, 2023 (GLOBE NEWSWIRE) -- GlobeNewswire – VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) announced that its wholly owned subsidiary, V Capital Consulting Limited (“VCCL”) has been appointed as an initial public offering (“IPO”) consultant by Mojo Meta International Sdn Bhd (“MMI”). This is in conjunction with the proposed listing of MMI or its holding company (“Listco”) on the NASDAQ stock market. This IPO advisory mandate entails a USD2 million advisory fee and a success fee equivalent to an allotment of 5% of the Listco’s fully diluted shares on the enlarged market capitalization.

MMI is a one-stop solutions provider that is able to meet all media and advertising related needs in this dynamic digital era. It operates a multifaced system that offers a wide spectrum of services through sophisticated digital multi-content platforms to address the evolving demands of its clientele base. Through its artificial intelligence (“AI”) laboratories, MMI draws on AI technologies to enhance its service offerings. It also harnesses the advantages of AI to generate dynamic multi digital contents for the media and advertising sectors. Its extensive and well diverse client portfolio includes Petronas, Mastercard, Nestle and Sony.

As the IPO consultant, VCCL’s scope of work includes, amongst others:-

  1. review and assist with the reorganization of the Listco’s capital structure;
  2. liaising and working with external professionals such as investment bankers, lawyers and auditors on issues related to the listing exercise;
  3. prepare proposal on the listing scheme and business metrics; and
  4. establish capital market strategies and corporate plans to maximise the Listco’s value ahead of the listing.

“I am grateful for the support and belief in our abilities as we continue to gain acceptance by various industries. VCI Global has maintained that AI is the way of the future as it applies to all industries, in this case the media and advertising industries which have been migrating into the digital age. Global social media digital advertising spending has been projected to grow to the region of USD350 billion per annum by 2026. This is equivalent to an annual growth rate of 12% over the next few years. We are undoubtedly pleased to be able to support MMI through our expertise in the AI-enhanced technology and consultancy services as MMI continues to craft strategic digital content for millions of viewers,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.

“We are thrilled to announce our partnership with VCI Global as our IPO consultant for the proposed NASDAQ listing. Their expertise in financial strategy will be instrumental in positioning MMI for success in the dynamic digital era and optimising our pre-listing value. With VCI Global's support, we look forward to this transformative journey and are confident in achieving growth and success while crafting strategic digital content for our audience,” said Phoo Keng Hui, Group Chief Executive Officer of MMI.

About VCI Global Limited

VCI Global is a multi-disciplinary consulting group with key advisory practices in the areas of business and technology. The Company provides business and boardroom strategy services, investor relation services, and technology consultancy services. Its clients range from small-medium enterprises and government-linked agencies to publicly traded companies across a broad array of industries. VCI Global operates solely in Malaysia, with clients predominantly from Malaysia, but also serves some clients from China, Singapore, and the US.

For more information on the Company, please log on to -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. 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:

Issued by Imej Jiwa Communications Sdn Bhd on behalf of VCI Global Limited

For media queries, please contact:

Imej Jiwa Communications Sdn Bhd

Chris Chuah

Email:



EN
02/08/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on VCI GLOBAL LTD

 PRESS RELEASE

QuantGold Launches Qsecore: World’s First SIM-Layer Encryption Platfor...

QuantGold Launches Qsecore: World’s First SIM-Layer Encryption Platform for Mobile Security Following Successful Testing, August Rollout Brings Military-Grade Voice, Messaging, and Data Vault to Mobile Users KUALA LUMPUR, Malaysia, July 02, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy, today announced the official launch of Qsecore, a breakthrough encryption solution developed under its encry...

 PRESS RELEASE

VCIG’s Consulting Arm, V Capital Consulting Group, Secures IPO Advisor...

VCIG’s Consulting Arm, V Capital Consulting Group, Secures IPO Advisory Mandate with Malaysia’s Leading Cloud Tax Platform ALgoBiZZ Berhad Takes Bold Step Towards Nasdaq Public Listing KUALA LUMPUR, Malaysia, June 25, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”) is honored to announce that its consultancy arm, V Capital Consulting Group Limited (“VCCG” or the “Company”), has secured a Nasdaq initial public offering (IPO) advisory mandate with ALgoBiZZ Berhad (“ALgoBiZZ”), a Malaysia-based cloud tax solution provider. Under this mandate, VCCG will serve as th...

 PRESS RELEASE

VCI Global Launches QuantGold to Power the Next Era of Sovereign AI an...

VCI Global Launches QuantGold to Power the Next Era of Sovereign AI and Encrypted Data Monetization QuantGold Enables AI to Compute on Sensitive Data without Exposure – Backed by 120+ Encryption Patents and Already Deployed in 100+ Institutions Targeting an approximate US$400 Billion Market, QuantGold Offers Encrypted, Pay-Per-Use AI Compute to Unlock the Sovereign Data Economy for Governments and Enterprises KUALA LUMPUR, Malaysia, June 24, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a diversified global holding company, today announced t...

 PRESS RELEASE

VCI Global Issues 2025 Financial Guidance with Strong Growth Outlook

VCI Global Issues 2025 Financial Guidance with Strong Growth Outlook Targets 41% Revenue Growth, 30% Profit Growth, and a Q3 2025 IPO of Its Capital Markets Subsidiary KUALA LUMPUR, Malaysia, June 03, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy, today announced its financial guidance for the fiscal year ending December 31, 2025. For 2025, the Company projects approximately 41% year-over-yea...

 PRESS RELEASE

VCI Global Teases ‘Project QG’: Sovereign AI and Encrypted Data Moneti...

VCI Global Teases ‘Project QG’: Sovereign AI and Encrypted Data Monetization Platform Poised to Reshape the Global AI Infrastructure Landscape Next-Gen Infrastructure Integrates AI, Encryption, and Blockchain to Power the Future of Data Sovereignty and Institutional Monetization KUALA LUMPUR, Malaysia, May 29, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a diversified global holding company, today announced the stealth development of Project QG, a next-generation infrastructure platform designed to enable sovereign AI deployment and unlock ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch