V Capital Consulting Group (VCCG) is a small corporate advisory firm based in Kuala Lumpur that helps Malaysian and Southeast Asian companies list on Nasdaq and improve their corporate strategy. VCCG offers two core services: listing consultancy, which covers end-to-end IPO advisory including due diligence, offering materials, and organizational readiness; and business strategy consultancy, covering governance, investor relations, and board-level planning. Clients are predominantly Malaysian companies, and VCCG sells directly through project-by-project engagements with fees negotiated individually. A distinctive feature of VCCG's business model is that a substantial portion of fees are settled not in cash but in client equity — VCCG accepts shares of client companies as payment, holds them, and sells over time to realize cash. This means reported revenue and profits can look strong while operating cash flows are negative, and cash generation depends on VCCG's ability to sell client shares at favorable prices after those clients list. The cost structure is lean, with roughly 11 employees and heavy reliance on outside consultants engaged project-by-project. Client concentration is high — in H1 2025, three clients represented nearly all revenue — and the business carries no recurring revenue, making results lumpy. VCCG's growth plan following its IPO focuses on hiring additional consultants, new client acquisition, and working capital, with longer-term growth tied to increasing cross-border listing activity by Asian companies targeting U.S. exchanges.