
V Capital Consulting Group Ltd
VCCGFiledV Capital Consulting Group Ltd · Nasdaq Capital Market · latest filing 2026-09-03
IPO research
VCCG’s Amendment No. 2 materially revises the proposed IPO from dual-class Class A shares to a single class of ordinary shares, with a proposed $4.00 price and 7.5 million shares. The filing shows sharply lower 2025 revenue and profit, significant related-party and restructuring exposure, and substantial execution and governance risks. This is research, not investment advice.
VCCG proposes to offer 7.5 million ordinary shares at an assumed $4.00 per share, with estimated net proceeds of approximately $26.14 million before any over-allotment.
Capital destination
Awaiting verificationF-1/A · 2026-09-03
Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.
Check the source · F-1/A ↗Capital destination
Awaiting verificationF-1/A · 2026-09-03
Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.
Check the source · F-1/A ↗Names not yet published
Fully diluted valuation bridge
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
Basic-price scenario
A verified single offer price and basic post-offer share count are required. This is a data gap, not a paid lock.
Check the source · F-1/A ↗Holder data awaits verification
VHKL owns 16.828 million shares, or 60.10%, before the offering; it is controlled by Ms. Liew Soo Hua. Assuming the base offering, VHKL is expected to hold approximately 47.40%. Quanstar Capital Partners LLC holds 9.90% before the offering. · 2026-09-03
VHKL owns 16.828 million shares, or 60.10%, before the offering; it is controlled by Ms. Liew Soo Hua. Assuming the base offering, VHKL is expected to hold approximately 47.40%. Quanstar Capital Partners LLC holds 9.90% before the offering.
One disclosed holder; not a complete ownership distribution.Check the source · F-1/A ↗Conditional lock-up timeline
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
Financial quality and runway
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
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The company states it has no D&O insurance, potentially exposing liquidity and retention of management to claims.
- Potential impact
- Awaiting verification
- Monitor
- SEC effectiveness, Nasdaq listing approval, pricing and closing remain pending; the prospectus states delivery is expected on or about an unspecified date in 2026, subject to customary conditions.
- Evidence
- Risk Factors ↗