VCI Global Announces Secondary Listing on the Frankfurt Stock Exchange, Expanding its Market Reach
2024年6月28日 - 9:08PM
VCI Global Announces Secondary Listing on the Frankfurt Stock
Exchange, Expanding its Market Reach
VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, “VCIG”, or the
“Company”), a diversified holding company specializing in
consulting, fintech, AI, robotics and cybersecurity, is pleased to
announce its secondary listing on the Frankfurt Stock Exchange
under the ticker symbol “H0T” (Frankfurt: H0T) in the Open Market.
This strategic move marks a significant step in
enhancing VCIG’s global presence and expanding its shareholder base
to European investors. This new listing underscores VCIG’s
commitment to innovation and growth in key sectors, aiming to
capture new opportunities in Europe’s dynamic business
landscape.
The Frankfurt Stock Exchange, the largest stock
exchange in Germany and one of the largest globally, ranked third
in Europe just after Euronext and the London Stock Exchange, with a
market capitalization of US$2.17 trillion (€1.97 trillion) at the
end of 2023, according to Statista, highlighting its significant
role in European financial markets. SAP, the largest listed company
with a market cap exceeding US$233 billion (€219 billion), leads
the exchange, followed by Siemens and Deutsche Telekom. Other
notable companies listed include carmakers such as Mercedes-Benz
Group, BMW, and Volkswagen, as well as the sportswear brand Adidas
and the industrial giant BASF.
“Our expansion into the European market aligns
with our strategic objectives to diversify revenue streams and
maximize shareholder value. Listing on the Frankfurt Stock Exchange
provides enhanced visibility and access to a broader investor base,
strengthening our presence in consulting, fintech, AI, robotics,
and cybersecurity,” said Dato’ Victor Hoo, Group Executive Chairman
and Chief Executive Officer of VCI Global.
About VCI Global Limited
VCI Global is a diversified holding company.
Through its subsidiaries, it focuses on consulting, fintech, AI,
robotics, and cybersecurity. Based in Kuala Lumpur, Malaysia, our
main operations are centered in Asia, with significant visibility
across Asia Pacific, the United States, Europe, and the Middle
East. VCIG primarily offers consulting services in capital markets,
real estate, AI, and technology. In technology businesses, the
company operates a proprietary financing platform that serves
companies and individuals, as well as a secured messaging platform
serving governments and organizations. We also invest, incubate,
accelerate, and commercialize businesses and technologies in AI and
robotics.
For more information on the Company, please log on to
https://v-capital.co/.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking
statements that are subject to various risks and uncertainties.
Such statements include statements regarding the Company’s ability
to grow its business and other statements that are not historical
facts, including statements which may be accompanied by the words
“intends,” “may,” “will,” “plans,” “expects,” “anticipates,”
“projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,”
“potential” or similar words. Actual results could differ
materially from those described in these forward-looking statements
due to certain factors, including without limitation, the Company’s
ability to achieve profitable operations, customer acceptance of
new products, the effects of the spread of Coronavirus (COVID-19)
and future measures taken by authorities in the countries wherein
the Company has supply chain partners, the demand for the Company’s
products and the Company’s customers’ economic condition, the
impact of competitive products and pricing, successfully managing
and, general economic conditions and other risk factors detailed in
the Company’s filings with the United States Securities and
Exchange Commission (SEC). The forward-looking statements contained
in this press release are made as of the date of this press
release, and the Company does not undertake any responsibility to
update the forward-looking statements in this release, except in
accordance with applicable law.
CONTACT INFORMATION:
For media queries, please contact:
VCI Global Limitedenquiries@v-capital.co