Business
VCI Global Expands Business Advisory Practice into Capital Markets Sector
VCI Global to introduce clients to Upstream for secondary trading on a digital-first market KUALA LUMPUR, Malaysia, May 15, 2023 (GLOBE NEWSWIRE) -- VCI
About this update from Vci Global Limited
[{"type":"text","content":"VCI Global to introduce clients to Upstream for secondary trading on a digital-first market\nKUALA LUMPUR, Malaysia, May 15, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) today announced it has signed a Partnership Agreement with Horizon Fintex Advisors, Ltd. (“HFA”), a registered sponsor advisor to Upstream, a MERJ Exchange securities market. This HFA partnership works to add immense value to VCI Global’s expanding business advisory practice by offering VCI clients a streamlined path to dual list on Upstream’s next generation market and reach a digital-first investor base. HFA comes to VCI Global with an impressive track record of success in listing companies on Upstream, which has allowed them to develop a valuable network of investors and issuers. This network, combined with VCI Global’s innovative consulting and advisory services, is expected to lead the Company to even greater heights. Commercially, if a VCI Global client that’s listed on the Bursa Malaysia Securities Berhad (“Bursa Malaysia”), or any other global stock exchange, lists on Upstream, then VCI Global will share in HFA’s sponsor advisory listing fee, and VCI Global may also share in IPO fees for its clients that raise capital on Upstream. Upstream is a regulated securities exchange that offers primary listings as well as dual listing opportunities to NASDAQ, NYSE and over the counter (OTC) market issuers as well as international stock exchanges including Bursa Malaysia, EURONEXT, ASX, NSX, TSX, and CSE. An Upstream listing opens issuers to a global, digital first, investor-base that can trade U.S. and international securities using digital payment rails, credit card, debit card, PayPal, or USD. Uniquely, Upstream investors are directly connected to the exchange with their Upstream app, which eliminates the need for a stockbroker middleman. Listing on Upstream brings public price discovery on a secondary trading market operating a transparent, blockchain driven, orderbook where everyone sees level-2 bids and offers. Upstream does not allow predatory manipulative activities including short selling, stock lending, wash trades, layering or spoofing that may negatively impact other capital markets. Upstream traders experience real-time trades 20 hours a day, 5 days a week, peer-to-peer, instant settlement, with no market...