VCI Global Limited (VCIG) has released an update.
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VCI Global Limited has entered into a Securities Purchase Agreement to sell securities to identified purchasers, with the transaction set to close upon satisfaction of certain conditions and delivery of necessary documents. The agreement outlines the process for purchasing shares of the company, including wiring instructions and the issuance of shares registered in the purchasers’ names. Shares will be sold at a predetermined price, with provisions in place to prevent any single purchaser from owning more than 9.99% of the company’s outstanding shares.
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