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VCI Global is planning to invest $100 million to acquire the Tether-backed cryptocurrency payment company Oobit's token OOB.
2025-11-12 13:50
BlockBeats News, November 12th, according to The Block, Malaysian tech consulting firm VCI Global plans to acquire $100 million worth of OOB tokens. OOB is the utility token of Oobit, a crypto payment company backed by Tether.
Under the transaction structure, VCI Global has acquired $50 million worth of OOB tokens by issuing restricted shares to the OOB Foundation. The company stated on Tuesday that it plans to repurchase $50 million worth of tokens through the secondary market after the token's public issuance. VCI Global stated that after the transaction is completed, Tether will become its largest shareholder.
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2025-11-11 17:06
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2025-11-12
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