VCI Global engaged as Sagtec Group’s IPO, business expansion consultant

VCI Global nnounced that its wholly owned subsidiary, V Capital Consulting has been appointed as Sagtec Group’s initial public offering consultant. This is in conjunction with SAGTEC’s proposed listing on the NASDAQ stock market. This IPO advisory mandate entails a $2M advisory fee and a success fee of 5% of the market capitalisation of SAGTEC when listed. As the IPO consultant, VCCL’s scope of work, amongst others, includes:- review and assist with the reorganization of SAGTEC’s capital structure; establish capital market strategies to maximize SAGTEC’s value ahead of the listing exercise; where applicable, review and assist in responding to queries from U.S. Securities and Exchange Commission and NASDAQ; and prepare and assist in obtaining all requisite regulatory approvals. VCCL’s consultancy expertise was further sought as SAGTEC also appointed VCCL as its business expansion consultant in connection with SAGTEC’s plans to expand its business into the Southeast Asia region. On this note, VCCL will conduct feasibility studies and competitive analysis to understand the competitive landscape within the said region. As part of its job scope, VCCL will also be developing customised market strategies that complement SAGTEC’s business goals on the back of the unique dynamics of the Southeast Asia region.