KUALA LUMPUR, Malaysia, Feb. 05, 2024 (GLOBE NEWSWIRE) — VCI Global Limited (NASDAQ:VCIG) (“VCI Global”, or the “Company”) is pleased to announce its engagement by Reveillon Group Sdn Bhd (“Reveillon Group”), a Malaysian company operating in the food and beverage as well as the entertainment industry, as its initial public offering (“IPO”) consultant. The projected revenue from this consulting service is expected to fall within the USD $4 million to USD $8 million range, subject to the valuation of the IPO. The anticipated IPO for Reveillon Group, aiming to list on Nasdaq, is expected to be completed in 2024/2025.
Reveillon Group, a vertically integrated food and beverage company with multiple brands and chain of outlets in Malaysia’s vibrant hospitality industry, manages and operates restaurants, lounges, bars, and other refreshment venues. In addition to its diverse portfolio of establishments, Reveillon Group provides production, sales, and distribution services for a wide range of food, as well as alcoholic and non-alcoholic beverages.
In this engagement, apart from offering consultancy services related to equity structure and capital market strategy, VCI Global will play a crucial role in coordinating with external professionals, including underwriters, auditors, and lawyers, to ensure the successful execution of the IPO exercise. …
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