VCI Global appointed IPO consultant by Mojo Meta International

VCI Global announced that its wholly owned subsidiary, V Capital Consulting Limited, VCCL, has been appointed as an initial public offering, IPO, consultant by Mojo Meta International Sdn Bhd. This is in conjunction with the proposed listing of MMI or its holding company on the NASDAQ stock market. This IPO advisory mandate entails a USD2 million advisory fee and a success fee equivalent to an allotment of 5% of the Listco’s fully diluted shares on the enlarged market capitalization. “VCI Global has maintained that AI is the way of the future as it applies to all industries, in this case the media and advertising industries which have been migrating into the digital age. Global social media digital advertising spending has been projected to grow to the region of USD350 billion per annum by 2026. This is equivalent to an annual growth rate of 12% over the next few years. We are undoubtedly pleased to be able to support MMI through our expertise in the AI-enhanced technology and consultancy services as MMI continues to craft strategic digital content for millions of viewers,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.