KUALA LUMPUR, Malaysia, Jan. 15, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global,” or the “Company”), is proud to announce its exclusive distributorship of Secure Encryption Storage Limited (“SES”) for Data Security Solutions (“SES Solutions”) in Malaysia. Powered by AI, SES Solutions provide advanced features such as real-time threat detection, virus defense, data encryption, and multi-channel backup. Trusted by over 300 clients, including Fortune 500 companies and government agenci ...

Company Strategy and Carve-Out - VCI Global Limited announced the carve-out of its wholly owned subsidiary, V Capital Consulting Group Limited (VCCG), for listing on the Nasdaq Capital Market, with VCIG retaining majority control [1] - The carve-out 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 [1] - The carve-out was executed through the sale of VCI Global’s subsidiaries V Capital Consulting Limited and V Capital Advisory Sdn Bhd to VCCG, allowing both businesses to fully realize their potential [2] - 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 [3] - 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 [4] - The carve-out listing is expected to be completed by the end of the first quarter of 2025, subject to customary closing conditions and regulatory requirements [5] Market Opportunities and Growth Potential - The global strategy consulting market is projected to reach around US$95 billion by 2031, growing at a CAGR of 11.3% from 2023 to 2031 [4] - In the first half of 2024, 66 IPOs were listed on Nasdaq, representing a 71% success rate for Nasdaq-eligible operating company IPOs in the U.S. market [4] - These trends highlight substantial market opportunities for VCCG to expand its service offerings and client base, particularly in IPOs, M&As, and strategic capital market planning [4] Company Overview - 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 [7] - The Capital Market Consultancy segment provides IPO solutions, investor relations (IR) and public relations (PR) consultancy, and M&A consultancy [7] - The Fintech arm offers a proprietary financing platform, while the Real Estate segment provides specialized real estate consultancy services [7] - The AI business delivers GPU servers, GPU cloud computing services, AI and large language model (LLM) solutions, and the Robotics segment focuses on post-harvest robotics systems [7] - The Cybersecurity segment provides comprehensive cybersecurity consultancy services and solutions [7] - 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 [7]

KUALA LUMPUR, Malaysia, Dec. 30, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global,” or the “Company”), today announced that its investment holding arm for artificial intelligence (AI) portfolios, VC AI Limited (“VC.AI”) has invested in Marvis Inc., a Delaware corporation (“Marvis”), an innovative AI startup company, pioneering advanced digital clone AI technology. This investment was made through a Simple Agreement for Future Equity (SAFE), which provided VC.AI to receive Marvis’ equi ...

KUALA LUMPUR, Malaysia, Dec. 19, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), has signed a term sheet to acquire a solar farm with an estimated capacity of 1.14 megawatts (MW), located in Novo Selo, North Macedonia. The acquisition is valued at approximately US$1.26 million (or approximately €1.2 million) and is subject to due diligence and the signing of a definitive agreement. The bifacial solar farm, equipped with Huawei Technology inverters, achieves a high ...

KUALA LUMPUR, Malaysia, Dec. 13, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), is setting a target to develop and acquire up to 100 megawatts (MW) of solar photovoltaic (PV) projects across Southeast Asia (SEA) and Europe within the next five years. This expansion is expected to generate approximately US$200 million in revenue over the next 20 years and significantly contribute to VCI Global’s long-term growth. As part of this initiative, VCI Global plans to sou ...

VCI Global Limited. (NASDAQ:VCIG) Q2 2024 Earnings Conference Call August 19, 2024 8:30 AM ET Company Participants Victor Hoo - Group Executive Chairman and Chief Executive Officer Ang Zhi Feng - Chief Financial Officer Marco Baccanello - Executive Director Operator Good morning, everyone, and welcome to VCI Global First Half 2024 Earnings Conference Call. Joining me today to discuss our results are Victor Hoo, our Group Executive Chairman and CEO; Marco Baccanello, Executive Director; and Zhi Feng Ang, our ...

Exhibit 99.2 VCI Global Limited and Subsidiaries BVI Registration Number: 2035574 Interim Condensed Consolidated Financial Statements VCI Global Limited and Subsidiaries Interim condensed consolidated financial statements (unaudited) Interim condensed consolidated statements of financial position As of December 31, 2023 (Audited) RM USD RM USD ASSETS | --- | |-------| | | | | | | | | | | | | | | | | | | | | Note | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------- ...

KUALA LUMPUR, Malaysia, July 09, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ:VCIG) (Frankfurt: H0T) ("VCI Global", "VCIG", or the "Company"), a leading provider of business and technology consulting services, today announced a strategic joint venture with Cogia AG ("Cogia"), a German technology company specializing in AI and secure communication solutions. Key Highlights of the Joint Venture: VCIG and Cogia will form a new entity with a 70/30 ownership split, respectively. The new entity which will ...

This strategic move marks a significant step in enhancing VCIG's global presence and expanding its shareholder base to European investors. This new listing underscores VCIG's commitment to innovation and growth in key sectors, aiming to capture new opportunities in Europe's dynamic business landscape. For more information on the Company, please log on to https://v-capital.co/. For media queries, please contact: "Our expansion into the European market aligns with our strategic objectives to diversify revenue ...

, June 26, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (Nasdaq: VCIG"VCI Global""VCIG""" 3000 TalkingData TalkingData ("TalkingData") AI TalkingData ("CR Capital") (SBCVC)VMS VCIG TalkingData VCIG TalkingData AI VCIG TalkingData VCI Global TalkingData 11.3 R.C.W. Capital Limited TalkingData TalkingData " VCIG VCIG "TalkingData Leo Cui Xiaobo VCI Global Dato' Victor Hoo " VCIG TalkingData TalkingData AI " VCI Global Limited VCI Global AIVCIG AI AI https://v-capital.co/Â TalkingData TalkingData TalkingData 20 ...