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VCI Global Receives a Huge Endorsement From a Large Institutional Investor
KUALA LUMPUR, Malaysia, April 22, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ:VCIG) ("VCI Global", "VCIG", or the "Company"), a diversified holding company specializing in consulting, fintech, AI, robotics, cybersecurity and gamification, is pleased to announce a significant milestone with Legacy Credit Sdn Bhd ("Legacy Credit"), a leading Malaysian financial institutional shareholder, making a substantial investment exceeding 5% stake through a private placement.
Under this shares placement agreement, Legacy Credit will invest $2.5 million in VCIG, effective April 10, 2024.
Legacy Credit, a licensed money lender, specializes in providing flexible financial solutions for both SMEs and individuals. With a focus on reliability and tailored services, Legacy Credit serves as a trusted partner for businesses and individuals seeking financial assistance.
"We are delighted to welcome Legacy Credit as a valued investor. Their confidence in VCIG underscores our reliability and investment potential. Legacy Credit's investment will boost our business, accelerate our growth trajectory, and drive long-term value for our stakeholders, demonstrating our commitment for further company growth," said Dato' Victor ...