Business
VCI Global Limited and Evolve Capital Forge Collaboration to Enhance Market Access and Listing Opportunities Across International Exchanges
KUALA LUMPUR, Malaysia, Dec. 04, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) is delighted to unveil a
About this update from Vci Global Limited
[{"type":"text","content":"KUALA LUMPUR, Malaysia, Dec. 04, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) is delighted to unveil a strategic collaboration with Evolve Capital Advisory Private Limited (“Evolve Capital”). This collaboration seeks to cultivate a comprehensive avenue, providing companies with enhanced opportunities to facilitate capital markets access through public listings on NASDAQ or SGX. Evolve Capital, a boutique investment bank focusing on growth enterprises across Southeast Asia, brings extensive expertise in providing comprehensive strategic advice, including M&A and capital markets capabilities. As a holder of the Capital Market Services Licence authorised by the Monetary Authority of Singapore (“MAS”), Evolve Capital is also an Accredited Mainboard Issue Manager and Catalist Full Sponsor by the Singapore Exchange Limited (“SGX”). Additionally, Evolve Capital has achieved the distinction of being the first Asia-based firm granted the OTCQX and OTCQB Sponsor license by OTC Markets Group Inc., offering alternative listing options for in the United States. While acknowledging the unique strengths of various international exchanges, this collaboration seeks to provide companies with an optimal pathway to listing, including NASDAQ as a strategic option. The U.S. capital markets, renowned for their size, liquidity, and stability, offer an additional avenue for global issuers to access capital. The synergistic strengths of VCI Global and Evolve Capital aim to establish a versatile platform that caters to the evolving needs of businesses in today’s dynamic market environment. This endeavour is further fortified by VCI Global’s extensive consultancy experience, having played a pivotal role for numerous companies, especially in tandem with their listing endeavours on NASDAQ. “This collaboration proves timely, aligning with the escalating trend of companies, particularly those from this region, actively pursuing listings, notably on NASDAQ, a platform rapidly ascending in popularity. One of the primary incentives for selecting NASDAQ as the listing venue lies in its comparatively lower minimum prerequisites for qualification. Furthermore, the positive reception of its entirely electronic trading infrastructure is noteworthy among a diverse spectrum of traders,” said Dato Victor Hoo, Group Executive...