BlockBeats News, November 12 — According to The Block, Malaysian technology consulting firm VCI Global plans to acquire $100 million worth of OOB tokens. OOB is the utility token of Oobit, a crypto payment company supported 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 an additional $50 million worth of tokens on the secondary market after the token public offering. VCI Global said that upon completion of the transaction, Tether will become its largest shareholder.
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