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  • Boustead Securities

VCI Global Limited (Nasdaq: VCIG) Announces Closing of $5.12 Million Initial Public Offering



Kuala Lumpur & Irvine, CA – April 18, 2023 – Boustead Securities, LLC (“Boustead”) client VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) announced the closing of its initial public offering (the “Offering”) of 1,280,000 ordinary shares at a price to the public of $4.00 per share. The aggregate gross proceeds of the Offering were $5,120,000, prior to deducting underwriting discounts, commissions and Offering expenses.


Boustead Securities, LLC and Sutter Securities, Inc. are acting as the underwriters for the Offering.


A registration statement on Form F-1, as amended (File No. 333-268109) relating to these securities, was filed with the Securities and Exchange Commission ("SEC") and was declared effective on March 30, 2023. The Offering is being made only by means of a prospectus. A copy of the final prospectus relating to the Offering has been filed with the SEC and is available on the SEC's website at www.sec.gov. A copy of the final prospectus relating to the Offering may be obtained, when available, from Boustead Securities, LLC by way of emailing requests to offerings@boustead1828.com; or by calling 1-949-502-4408; or by request by standard mail to Boustead Securities, LLC, Attention: Equity Capital Markets, 6 Venture, Suite 395, Irvine, California 92618, USA.


This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

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 various 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 https://v-capital.co/.


About Boustead Securities, LLC

Boustead Securities, LLC is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States, Boustead’s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. Boustead is a majority-owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. For more information visit please visit: www.boustead1828.com

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