VCI Global Limited ( (VCIG) ) has shared an update.
On March 17, 2025, VCI Global Limited announced it had entered into securities purchase agreements with two investors to issue and sell 5,100,000 ordinary shares at $1.10 per share in a direct offering. The offering, expected to close on March 18, 2025, aims to raise $5,610,000 in gross proceeds, which will be used for working capital and general corporate purposes. This move is part of the company’s strategy to strengthen its financial position without the involvement of a placement agent or underwriter, potentially enhancing its market presence and operational flexibility.
More about VCI Global Limited
VCI Global Limited operates in the financial industry, focusing on securities and investments. The company is involved in the issuance and sale of ordinary shares, targeting investors interested in direct offerings.
YTD Price Performance: -54.47%
Average Trading Volume: 2,448,350
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $27.25M
See more data about VCIG stock on TipRanks’ Stock Analysis page.