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VCI Global Limited (symbol: VCIG) is a prominent holding company specializing in business strategy consultancy and technology development solutions. The company operates through three main segments:
- Business Strategy Consultancy: This segment is the primary revenue driver, offering listing solutions, investor relations, and boardroom strategies. It covers the entire listing process from pre-listing diagnosis to finalization, serving both local and international clients.
- Technology Consultancy: VCI Global provides cutting-edge technology solutions tailored to enhance business operations and efficiency, ensuring clients stay competitive in an ever-evolving tech landscape.
- Others: This includes various ancillary services that complement their main consulting offerings, adding value to their core business functions.
VCI Global's comprehensive approach ensures that clients receive end-to-end support, whether they are seeking to expand their market presence or enhance operational performance. With a diverse clientele spanning multiple industries and geographical locations, the company is well-equipped to handle cross-border listings and complex business challenges.
Recent achievements and ongoing projects reflect VCI Global's commitment to excellence and innovation. The firm has established strategic partnerships and continuously adapts to the dynamic market environment, ensuring robust financial health and sustained growth.
For the latest updates and detailed information about VCI Global Limited's financial performance, projects, and developments, please visit their official website or contact them directly via email.
VCI Global (NASDAQ: VCIG) has announced the termination of its At-The-Market (ATM) equity offering program with H.C. Wainwright & Co., as sales agent. The program, which aimed to offer shares totaling approximately US$4.96 million, was formally terminated on September 25, 2024. As of the termination date, the ATM program had generated total gross proceeds of approximately US$1.77 million.
The company views this termination as an opportunity to explore more favorable financing options that better align with its long-term growth objectives. VCI Global is a diversified holding company headquartered in Kuala Lumpur, Malaysia, operating through five core businesses: Capital Market Consultancy, Fintech, Real Estate, AI & Robotics, and Cybersecurity.
VCI Global (NASDAQ: VCIG) has announced updates on its AI business, capital raising, and share repurchase program. The company has reorganized its AI operations under a new subsidiary, VC AI , with four key segments: GPU servers, GPU cloud computing, AI and large language model (LLM) solutions, and cybersecurity. VCIG plans to launch its proprietary GPU servers in October 2024 and commence AI data center operations in Malaysia by Q2 2025.
The company has successfully secured initial funding for its AI business and is ready to implement its growth strategy. Additionally, VCIG intends to initiate a previously announced share repurchase program in Q1 2025 to enhance shareholder value.
VCI Global (NASDAQ: VCIG) has secured a major contract with Legacy Corporate Advisory Sdn Bhd, valued at approximately US$18 million. The deal aims to bring four Malaysian-based companies to the Nasdaq stock exchange, spanning diverse industries including telecommunications, waste management, healthcare and beauty, and leisure. These companies are:
1. Neutral Transmission Malaysia Sdn Bhd (telecommunications infrastructure)
2. I Bella Sdn Bhd (aesthetic treatments and wellness)
3. AE Carbon Capital (waste management and green technology)
4. Autoplay Group Sdn Bhd (go-kart racing and event management)
This contract enhances VCIG's IPO solutions pipeline to 10 active deals. The anticipated revenue from these four new Nasdaq listings is projected to be approximately US$18 million over the next 14 months, reinforcing VCI Global's strong market position in capital market consultancy.
VCI Global (NASDAQ: VCIG) announced that CEO Dato' Victor Hoo has significantly increased his shareholding by 15.27%, now controlling approximately 27.32% of the company's total outstanding shares. This move, along with the recent share buyback program and strong H1 2024 financial performance, underscores VCIG's growth trajectory and positive outlook.
The company reported impressive H1 2024 results, including a 44% year-over-year increase in revenue, 57% rise in gross profit, and 25% growth in net income. These results align with VCIG's full-year guidance of a 65% increase in revenue and 68% rise in gross profit for FY2024, with potential to exceed these targets if current trends continue.
VCI Global (NASDAQ: VCIG) reported strong financial results for H1 2024:
- Revenue grew 44% YoY to $13.7 million
- Gross profit increased 57% YoY to $12.9 million
- Net income rose 25% to $5.4 million
- Business strategy consultancy revenue surged 151% to $11.2 million
- Fintech segment revenue grew 183% to $0.7 million
The company also announced a $10 million share repurchase program over 2 years. VCIG's CEO attributed the performance to strategic initiatives and market positioning. The company aims to leverage its expertise for continued growth and client value delivery.
VCI Global (NASDAQ: VCIG) has announced it will release its financial results for the first half of 2024 on August 19th, 2024, before markets open. The company's management team will hold an earnings call at 8:26 a.m. Eastern Time on the same day to discuss financial and business outlook. Investors can access the call using the dial-in number 1-857-232-0157 and access code 422095. An archived version of the conference call will be available for replay at the company's website from 12:00 p.m. ET on August 19th, 2024.
VCI Global is a diversified holding company focusing on consulting, fintech, AI, robotics, and cybersecurity. Based in Kuala Lumpur, Malaysia, its operations span Asia Pacific, the United States, Europe, and the Middle East. The company offers consulting services in capital markets, real estate, AI, and technology, and operates proprietary financing and secure messaging platforms.
VCI Global (NASDAQ: VCIG) has joined the AI Computing Alliance (AICA), led by Enlight and Supermicro. The alliance aims to establish AI Computing Centers (AICCs) globally, with the first center in Taiwan powered by NVIDIA H200 Tensor Core GPUs. VCI Global plans to establish Malaysia's first AICC by Q2 2025, replicating the Taiwan model. The alliance intends to expand to Singapore, Hong Kong, Japan, and Indonesia to meet the growing demand for AI computing power.
The global Large Language Model (LLM) market is projected to grow from $7 billion in 2024 to over $35 billion in 2030, with a CAGR of 30%. This initiative supports AICA's mission to become a leading platform for AI computation and drive technological innovation globally.
VCI Global (NASDAQ: VCIG) announced a joint venture with Cogia AG to establish AiSecure , a new entity focusing on secure messaging technology.
VCIG will own 70%, and Cogia 30% of AiSecure, which will inherit Cogia's military-grade secure messenger platform.
Cogia will integrate AI technology into the platform, enhancing user experience and security.
The joint venture aims to meet NASDAQ listing requirements within 12-18 months by leveraging VCIG's global presence.
Both firms aim to expand the user base across key markets including Malaysia, China, Singapore, the US, and the UK.
VCI Global (NASDAQ: VCIG) announced its secondary listing on the Frankfurt Stock Exchange under the ticker symbol 'H0T.' This move aims to boost VCIG's global presence and attract European investors. The Frankfurt Stock Exchange is Germany's largest and ranks third in Europe, with a market capitalization of US$2.17 trillion. This listing aligns with VCIG's strategy to diversify revenue streams and maximize shareholder value. The company specializes in consulting, fintech, AI, robotics, and cybersecurity, with significant operations across Asia, the US, Europe, and the Middle East.
VCI Global (NASDAQ: VCIG) has announced a significant investment of up to US$30 million in TalkingData Group Holding , a major provider of big data analytics and AI solutions. This investment makes VCIG a substantial shareholder in TalkingData and grants them exclusive rights to TalkingData's AI products and services in Southeast Asia. With this move, VCIG aims to strengthen its position in the fast-growing data analytics sector. TalkingData, valued at US$1.1 billion, is backed by notable investors like CR Capital and Softbank’s SB China Venture Capital. The partnership is expected to help TalkingData expand its presence in Southeast Asia and prepare for a public listing in the US market.
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