Legacy Credit emerges as substantial shareholder in VCI Global

Legacy Credit director and CEO Nelson Goh (left) and VCI Global group executive chairman and CEO Datuk Victor Hoo (right).

KUALA LUMPUR: Legacy Credit Sdn Bhd announced a significant investment exceeding a 5% stake through a private placement in Nasdaq-listed VCI Global Limited.

Under this shares placement agreement, Legacy Credit will invest US$2.5mil in VCI Global, positioning Legacy Credit as a substantial shareholder.

“Our significant investment in VCI Global is more than a financial venture; it's a strategic alliance. With this move, we aim to blend VCI’s esteemed capabilities with our innovative approaches to open up new pathways for Asean SMEs on global platforms such as Nasdaq,” Legacy Credit director and chief executive officer (CEO) Nelson Goh said in a statement.

Meanwhile, VCI Global group executive chairman and CEO Datuk Victor Hoo said: “Legacy Credit’s investment will boost our business, accelerate our growth trajectory, and drive long-term value for our stakeholders, demonstrating our commitment for further company growth."