VCI Global engaged as Sutera Kental’s IPO consultant

VCI Global announced that its wholly owned subsidiary, V Capital Consulting Limited, VCCL, has been appointed as Sutera Kental Sdn Bhd’s initial public offering consultant. This is in conjunction with Sutera Kental’s proposed listing on the NASDAQ stock market. Apart from the $2 million services fee, this IPO advisory mandate entails a success fee equivalent to 5% of Sutera Kental’s fully-diluted shares on the enlarged market capitalisation basis. As the IPO consultant, VCCL’s scope of work includes, amongst others: review and assist with the reorganisation with respect to Sutera Kental’s capital structure; establish capital market strategies to maximise Sutera Kental’s value in preparation of the listing exercise; prepare roadmap and relevant requirements for the listing exercise; advise and assist Sutera Kental during the listing process; and review and assist on the queries from U.S. Securities and Exchange Commission and NASDAQ. “We are undeniably humbled to be playing a major role in Sutera Kental’s journey to be listed on NASDAQ by providing our expertise in financial related consultancy and advisory related services to ensure its successful listing,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.