VCI Global Limited Announces Share Sale
Company Announcements

VCI Global Limited Announces Share Sale

VCI Global Limited (VCIG) has released an update.

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.

For further insights into VCIG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskVCI Global Initiates Reverse Stock Split to Boost Share Price
TheFlyVCI Global Ltd trading halted, news pending
TheFlyVCI Global announces 1-for-49 reverse stock split
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App