VCI Global plans to spend 100 million USD to acquire Oobit tokens (OOB) from the Tether-backed crypto payment company Oobit
ChainCatcher reported that Malaysian technology consulting firm VCI Global plans to acquire $100 millions worth of OOB tokens. OOB is a utility token issued by Oobit, a crypto payment company backed by Tether.
According to the transaction structure, VCI Global has already acquired $50 millions worth of OOB tokens by issuing restricted shares to the OOB Foundation. The company stated on Tuesday that it plans to purchase an additional $50 millions worth of tokens on the secondary market after the public offering of the token. VCI Global said that upon completion of the transaction, Tether will become its largest shareholder.
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