VCI Global Ltd.
General Information | |
Business: | We are a holding company incorporated in the British Virgin Islands on April 29, 2020. We operate and control solely through our subsidiary companies.We are a multi-disciplinary consulting group with key advisory practices in the areas of business and technology. Each of our segments and practices is staffed with consultants recognized for their wealth of knowledge and established track records of delivering impact. With our core group of experts experienced in corporate finance, capital markets, legal and investor relations, we illuminate our clients’ paths to success by helping them foresee impending challenges and identify business opportunities. We leverage our in-depth expertise to assist clients in creating values by providing profitable business ideas, customizing bold strategic options, offering sector intelligence, and equipping clients with cost-saving solutions for lasting growth.Since our inception in 2013, we have been delivering our services to companies ranging from small-medium enterprises and government-linked agencies to publicly traded conglomerates across a broad array of industries. Our business operates solely in Malaysia, with clients predominantly from Malaysia, and some engagements with clients from China, Singapore and the United States.We have segregated our services in the following segments:Business Strategy Consultancy – We focus on listing solutions, investor relations and boardroom strategies consultancy. We have established a diverse local and international clientele, providing them our services in both local and cross-border listings. Our roles begin from pre-listing diagnosis and planning to the finalization of the entire listing process. To better serve our clients, we extended our services line to include investor relations consultation, where we help our clients effectively handle investors’ expectations and manage communications. Further, we also offer services in attaining effective boardroom strategies for value creation and inclusive growth. Over the years, our consulting services have successfully propelled our clients’ businesses to the next level with strategic options, including mergers and acquisitions, initial public offerings, restructuring and transformation.Investor Relations Services – In January 2021, our direct subsidiary V Capital Kronos Berhad acquired Imej Jiwa, an investor and public relations consultancy firm, which will allow us to better serve companies seeking to list and trade on public exchanges. Imej Jiwa’s highly skilled investor relations (“IR”) professionals help companies that are preparing for a successful IPO set up an effective IR team. To date, we are serving more than 40 publicly listed Malaysian companies, which represent more than 4% of total Malaysian publicly listed companies. 1 For instance, we have been engaged by Malaysia’s largest home improvement retailer, which consummated the biggest IPO in Malaysia since 2017, and the leading Malaysian dairy producer, which consummated the second-largest IPO in Malaysia since 2017, to provide IR consultancy services. Our IR team builds strategies and communicates effectively to drive stakeholder and media engagement throughout the IPO roadshow and post-IPO process. We are equally committed to sharpen client’s investment narratives and to deliver it to the right investors through the best channel.Boardroom Strategy Services – We leverage our multiple practices and our connections with professionals across an array of industries to complement clients’ businesses by offering a holistic approach to achieve sustainable growth with high return on capital. Given the exponentially rising expectations from investors, unprecedented economic disruptions, and fragmentation of traditional markets, we believe more companies need carefully planned strategies to stay ahead of the trend and the competition through restructuring or transformation. We help our clients make the right moves by being involved in boardroom discussions and advising them on strategic options, particularly when it comes to exploring opportunities in offshoring, partnering, merger and acquisitions (“M&A”), deals outsourcing and initial public offerings. We have recently been engaged to consult on boardroom strategies for one of the largest hospitality groups in Malaysia as well as company that is a pioneer in human resources technology provider in Malaysia.Technology Consultancy Services & Solutions – Our technology consultancy services and solutions keep our clients ahead of major technology and industry trends, including next-generation digital transformation, software development, blockchain solutions and the industry restructuring brought upon by the convergence of these technologies.Note: Revenue and net income figures are in U.S. dollars (converted from the Malaysian Ringgit) for the 12 months that ended June 30, 2022.(Note: VCI Global Ltd. downsized its micro-cap IPO at pricing on April 12, 2023, to 1.28 million shares – down from 1.6 million shares in the prospectus – and price the IPO at $4.00 – the low end of its $4.00-to–$6.00 range – to raise $5.12 million. Previously: VCI Global had postponed its IPO on April 5, 2023 – just hours before the deal was scheduled for pricing. Background: VCI Global added Sutter Securities as a joint book-runner – joining Boustead Securities – in its F-1/A filing dated March 10, 2023. VCI Global cut its IPO almost in half in an F-1/A filing dated March 1, 2023, by reducing the number of shares to 1.6 million – down from 3.0 million shares – and keeping the price range at $4.00 to $6.00 to raise $8.0 million. That cut represents a 47 percent reduction in the amount of IPO proceeds – to $8.0 million, down from $15.0 million under the previous terms. VCI Global filed its F-1 on Nov. 1, 2022.)
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Industry: | SERVICES-FACILITIES SUPPORT MANAGEMENT SERVICES |
Employees: | 43 |
Founded: | 2013 |
Contact Information | |
Address | B03-C-8 Menara 3A KL Eco City, No. 3 Jalan Bangsar 59200 Kuala Lumpur |
Phone Number | +603 2201 5249 |
Web Address | |
View Prospectus: | VCI Global Ltd. |
Financial Information | |
Market Cap | $185.69mil |
Revenues | $11.57 mil (last 12 months) |
Net Income | $5.71 mil (last 12 months) |
IPO Profile | |
Symbol | VCIG |
Exchange | NASDAQ |
Shares (millions): | 1.3 |
Price range | $4.00 - $4.00 |
Est. $ Volume | $5.1 mil |
Manager / Joint Managers | Boustead Securities/ Sutter Securities |
CO-Managers | |
Expected To Trade: | 4/13/2023 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |