VCI Global Limited (VCIG) has released an update.
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VCI Global Limited has announced the sale of over 9 million Ordinary Shares held by Advance Opportunities Fund I, which were acquired through the conversion of a $1 million senior convertible loan note. The sale is detailed in a prospectus supplement filed with the U.S. Securities and Exchange Commission, and the company has received legal opinion confirming its authority to sell these shares under the laws of the British Virgin Islands. This step does not conflict with any BVI laws, the company’s Memorandum and Articles, or the terms of the Note.
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