English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 24 April 2024, 18:00 HKT/SGT

Source: Legacy Credit Sdn Bhd
Legacy Credit Emerges as a Substantial Shareholder in VCI Global
Strategic Partnership Set to Expand Financial Services in ASEAN

KUALA LUMPUR, Apr 24, 2024 - (ACN Newswire) - Legacy Credit Sdn Bhd ("Legacy Credit" or the "Company"), a recognised entity in the financial services sector, is pleased to announce a substantial investment exceeding 5% stake through a private placement in VCI Global Limited (NASDAQ: VCIG) (“VCI Global”). Under this shares placement agreement, Legacy Credit will invest $2.5 million in VCI Global. This positions Legacy Credit as a substantial shareholder, reflecting its strategic commitment to enhancing financial solutions and expanding its influence across the ASEAN region.

L-R: Nelson Goh, Director and CEO of Legacy Credit and Dato' Victor Hoo, Group Executive Chairman and CEO of VCI Global
L-R: Nelson Goh, Director and CEO of Legacy Credit and Dato' Victor Hoo, Group Executive Chairman and CEO of VCI Global

VCI Global, known for its expertise in Corporate Finance, has a proven track record of facilitating SMEs in achieving Nasdaq listings, which is critical for companies aiming to tap into international markets. This partnership is expected to leverage Legacy Credit's robust financial network and VCI Global's technical prowess to foster substantial economic growth and innovation.

Mr. Nelson Goh, Director and Chief Executive Officer (CEO) of Legacy Credit commented, “Our significant investment in VCI Global is more than a financial venture; it's a strategic alliance. With this move, we aim to blend VCI’s esteemed capabilities with our innovative approaches to open up new pathways for ASEAN SMEs on global platforms such as Nasdaq.”

Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global stated, " 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."

This strategic investment marks a milestone for Legacy Credit, highlighting its commitment to facilitating broader economic opportunities and enhancing its portfolio of financial services. Through this collaboration, Legacy Credit aims to further its vision of delivering innovative solutions that meet the evolving needs of businesses in ASEAN and beyond.

Topic: Press release summary
Source: Legacy Credit Sdn Bhd

Sectors: Exchanges & Software, Daily Finance
From the Asia Corporate News Network

Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Latest Press Releases
Sinoma International Successfully Hosts The Second SINOMA Cement Green & Intelligent Summit  
May 23, 2024 22:00 HKT/SGT
Chirpley Unveils Game-Changing Marketplace V3; Revolutionizing Influencer Marketing  
May 23, 2024 21:49 HKT/SGT
U.S. Polo Assn. Named Finalist as Best Sports Licensed Brand at the 2024 Licensing International Excellence Awards  
May 23, 2024 21:00 HKT/SGT
Black Spade shares investment insights at Global Investment Panel of BEYOND Wealth Summit for Family Offices  
May 23, 2024 18:22 HKT/SGT
Perfios Technology Solutions Titled Indonesia Winner of Zurich Innovation Championship for Health Claims Analytics Solution  
May 23, 2024 17:40 HKT/SGT
Eisai Showcases Oncology Portfolio and Pipeline at ASCO 2024  
Thursday, May 23, 2024 5:07:00 PM
MHI Thermal Systems Receives JSRAE Technology Award for "e-3D Scroll" Compressor  
Thursday, May 23, 2024 3:01:00 PM
Indonesia's Collaboration on Treating Water Management  
May 23, 2024 12:00 HKT/SGT
NEC X Invests in Agtech Startup Verdi, Integrates AI-Powered Platform with NEC's Cropscope Smart Farming Initiative  
Thursday, May 23, 2024 10:20:00 AM
PowerUP Asia 2024: Leading Power Semiconductor Companies to Discuss Challenges, Trends, and Latest Innovations   
May 23, 2024 10:07 HKT/SGT
More Press release >>
More events >>
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575