Welcome to our dedicated page for VCI Global news (Ticker: VCIG), a resource for investors and traders seeking the latest updates and insights on VCI Global stock.
VCI Global Limited (NASDAQ: VCIG) generates a diverse stream of company news that reflects its role as a cross-sector platform builder in technology, digital finance, and infrastructure. Its announcements cover developments in artificial intelligence, encrypted data infrastructure, digital asset and treasury systems, real-world asset (RWA) tokenization, renewable energy platforms, and capital markets advisory activities.
Recent news has highlighted the operational launch of V Gallant’s Enterprise AI GPU Lounge in Kuala Lumpur, which the company describes as a co-working data center for enterprise AI built on NVIDIA Blackwell-based compute infrastructure and managed by the Intelli-X platform. Other updates focus on VCI Global’s RWA Exchange roadmap, including a collaboration with Mezzofy to onboard merchant-issued vouchers and coupons as tokenized real-world assets, and a consultancy mandate for the Bridge Gold gold-backed stablecoin through its Smart Bridge subsidiary.
Coverage also includes VCI Energy’s utility-scale solar and battery energy storage initiatives in Malaysia, which VCI Global states are designed to support AI data centers and digital infrastructure, as well as strategic steps such as the planned spin-off of V Capital Consulting Group under a dual-track IPO strategy. Financing and capital structure updates, including registered direct offerings, private placements, share repurchase activity, and equity line arrangements, are reported through SEC filings and related press releases.
Investors and observers following VCIG news can expect updates on AI infrastructure deployments, RWA and digital treasury projects, renewable energy collaborations, subsidiary spin-offs, and securities offerings. The news feed aggregates these disclosures so readers can review how VCI Global describes the evolution of its platforms, partnerships, and capital markets activities over time.
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VCI Global Limited (NASDAQ: VCIG) announced a proposed 70% acquisition of LOCUS-T Sdn Bhd for RM13.44 million (approx. US$3.03 million). The acquisition aims to leverage LOCUS-T’s extensive client portfolio of over 1,000 SMEs and multinational clients, enhancing VCI's consultancy services. LOCUS-T has over 20 years of expertise in digital marketing and holds both Google Premier Partner and Meta Business Partner statuses. This move is expected to expand VCI Global's market reach and create new revenue streams through cross-selling opportunities between VCI’s business consultancy and LOCUS-T’s marketing services. The agreement also includes a right of first refusal for the remaining 30% stake in LOCUS-T. The acquisition aligns with the industry's shift towards digitalization, promoting client retention and business growth for VCI Global.
VCI Global Limited (NASDAQ: VCIG) closed its initial public offering, offering 1,280,000 ordinary shares at $4.00 each, raising gross proceeds of $5,120,000 before expenses. Boustead Securities, LLC and Sutter Securities, Inc. served as underwriters for the offering. The registration statement for these securities was approved by the SEC on March 30, 2023. VCI Global operates in Malaysia, providing consulting services across various industries, including business strategy and technology consultancy. This offering aims to enhance the company's capital base to support growth initiatives and expand its service offerings to clients both locally and internationally.
VCI Global Limited (NASDAQ: VCIG) announced its ordinary shares began trading on The Nasdaq Capital Market on April 13, 2023, closing at $4.25. The Company priced its public offering of 1,280,000 shares at $4.00 each, generating gross proceeds of $5,120,000 before expenses. Boustead Securities, LLC and Sutter Securities, Inc. served as underwriters for the offering. The registration statement was declared effective on March 30, 2023, and the offering was conducted through a prospectus. VCI Global provides consulting services across various sectors, mainly operating in Malaysia, with some clients in China, Singapore, and the US.
VCI Global Limited (NASDAQ: VCIG) has announced that its ordinary shares started trading on The Nasdaq Capital Market on April 13, 2023. As part of this transition, the company priced a public offering of 1,280,000 shares at $4.00 per share, aiming to raise $5,120,000 in gross proceeds. The underwriters for this offering are Boustead Securities, LLC and Sutter Securities, Inc. The registration statement was declared effective on March 30, 2023. VCI Global provides consulting services in business and technology, primarily serving clients in Malaysia, but also extending its services to clients in China, Singapore, and the US. The press release includes cautionary forward-looking statements regarding the company's growth and operational risks, emphasizing factors that could impact its performance.
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