VCI Global Announces IPO for Wholly Owned Consulting Arm, Unlocking New Growth Opportunities

KUALA LUMPUR, Malaysia, Jan. 07, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global,” or the “Company”), today announced the carve-out of its wholly owned subsidiary, V Capital Consulting Group Limited (“VCCG”), for listing on the Nasdaq Capital Market. VCIG will retain majority control of VCCG. This strategic initiative aims to enable both companies to focus on their core competencies, better serve their respective markets, and enhance growth potential and value creation for shareholders.

The carve-out has been executed pursuant to the Stock Sale and Business Separation Agreement entered into on December 30, 2024, through the sale of VCI Global’s subsidiaries V Capital Consulting Limited and V Capital Advisory Sdn. Bhd. to VCCG. This strategic move is designed to unlock value for shareholders by allowing both businesses to fully realize their potential. By operating as two listed entities, VCI Global and VCCG will gain greater flexibility to pursue tailored growth strategies, optimize their operational structures, and enhance financial performance.

Following the carve-out, VCI Global will intensify its focus on expanding operations in high-growth sectors, including fintech, data center, AI & robotics, renewable energy and cybersecurity. This realignment will allow VCI Global to leverage its strengths, drive innovation, and foster sustainable growth in these sectors.

Meanwhile, VCCG will continue to focus on corporate advisory, specializing in capital market advisory for pre-IPO, IPO, and post-IPO exercises, M&A advisory, and strategic private executive advisory services. The demand for capital market consultancy services is rising due to heightened market activities and regulatory complexities. According to KBV Research, the global strategy consulting market is projected to reach around US$95 billion by 2031, growing at a compound annual growth rate (CAGR) of 11.3% from 2023 to 2031. This trend is further evidenced by the 66 IPOs listed on Nasdaq during the first half of 2024, representing a 71% success rate for Nasdaq-eligible operating company IPOs in the U.S. market. These trends highlight the substantial market opportunities for VCCG to expand its service offerings and client base. With a dedicated focus, VCCG will be better positioned to meet the increasing demand for expert consultancy services in IPOs, M&As, and strategic capital market planning.

The carve-out listing is expected to be completed by the end of the first quarter of 2025, subject to customary closing conditions and the satisfaction of regulatory requirements.

“This carve-out represents a pivotal step in our growth strategy, enabling both VCIG and VCCG to refine their focus and align their resources more effectively. Building on our proven track record of successfully listing companies such as VCI Global Limited, YY Group Holding Limited, and Founder Group Limited, we are committed to delivering substantial value to shareholders. We look forward to welcoming more Nasdaq IPOs in 2025, capitalizing on emerging opportunities in their respective markets,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.

About VCI Global Limited

VCI Global is a diversified holding company headquartered in Kuala Lumpur, Malaysia. The Company operates through five core businesses: Capital Market Consultancy, Fintech, Real Estate, AI & Robotics, and Cybersecurity. In Capital Market Consultancy, we provide IPO solutions, investor relations (IR) and public relations (PR) consultancy, and M&A consultancy. Our Fintech arm offers a proprietary financing platform. In Real Estate, we offer specialized real estate consultancy services. The AI business delivers GPU servers, GPU cloud computing services, AI and large language model (LLM) solutions, while the Robotics segment focuses on post-harvest robotics systems. Our Cybersecurity segment provides comprehensive cybersecurity consultancy services and solutions. Committed to fostering innovation and delivering exceptional value, VCI Global has established a strong presence across the Asia-Pacific region, the United States, Europe, and the Middle East, driving growth and transformation on a global scale.

For more information on the Company, please log on to https://v-capital.co/. 

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

CONTACT INFORMATION:

For media queries, please contact:

Landon Capital
info@landoncapital.net


VCI Global Announces IPO for Wholly Owned Consulting Arm, Unlocking New Growth Opportunities


THỦ THUẬT HAY

7 ứng dụng iOS trị giá 40 USD đang được miễn phí

Hôm nay, TCN xin gửi đến bạn đọc danh sách ứng dụng iOS đang được miễn phí trong thời gian ngắn. Nếu các bạn quan tâm hãy nhanh tay tải về trước khi tính phí trở lại. Lưu ý là một số app cần đổi ID Apple sang khu vực

6 ứng dụng điện thoại giúp bạn từ bỏ các thói quen xấu

Bài viết sau đây giới thiệu 6 ứng dụng hữu ích giúp bạn bắt tay vào thực hiện loại bỏ những thói quen xấu ảnh hưởng đến công việc cũng như khởi đầu cho những kế hoạch mới trong tương lai.

Phím tắt UC Browser, thao tác trình duyệt nhanh hơn

Với các phím tắt UC Browser, việc sử dụng trình duyệt UC Browser cho PC sẽ trở nên dễ dàng hơn, nhanh chóng hơn và thuận tiện hơn. Bên dưới đây là hơn 30 phím tắt của UC Browser phiên bản dành cho PC/Laptop.

Thiếu nút Home, làm thế nào để chụp ảnh màn hình trên iPhone X?

Với thiết kế loại bỏ phím Home, để chụp ảnh màn hình iPhone X: bạn chỉ cần Nhấn và giữ phím nguồn + phím tăng âm lượng . Còn hiệu ứng chụp màn hình thì vẫn sẽ có hình ảnh nhấp nháy và âm thanh quen thuộc như các phiên

Hướng dẫn sử dụng tính năng Proxy trên Windows 10

Proxy là một Internet Server cho phép chuyển tiếp thông tin và kiểm soát sự an toàn cho người dùng truy cập mạng Internet, kết hối thông qua máy chủ proxy (Proxy Server).

ĐÁNH GIÁ NHANH

Đánh giá giao diện Samsung Galaxy S7 chạy Android 7.0: Mượt, đẹp và hiện đại

Giao diện Samsung Galaxy S7 và Galaxy S7 Edge chạy Android 7.0 được cải tiến hoàn toàn về thiết kế, bố cục và thêm rất nhiều tính năng rất hữu dụng

Trên tay Huawei Nova 8 SE: Dimensity 720, 4 camera sau 64MP, sạc nhanh 66W

Huawei Nova 8 SE có thiết kế khá giống với iPhone 12 của Apple nhưng nó được trang bị chip MediaTek và giao diện người dùng EMUI.

Đánh giá camera Xiaomi Redmi 5 Plus: bước tiến lớn so với những thế hệ trước

Chỉ riêng với thiết kế màn hình tràn viền, hiệu năng tốt và viên pin dung lượng “khủng” thì Xiaomi Redmi 5 Plus đã được rất nhiều người dùng yêu thích rồi.