VCI Global Limited (VCIG) has released an update.
VCI Global Limited, a British Virgin Islands company, has entered into an asset purchase agreement with COGIA GMBH, a German company, dated March 18, 2024. The agreement outlines the sale and transfer of specified assets and associated obligations from COGIA to VCI, with the deal expected to complete within 90 days. The terms include various definitions and conditions related to the assets, intellectual property, and liabilities associated with the transaction.
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