VCI (VCIG)

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VCI Global Acquires Large Stake in a US$1.1 Billion Valuation AI Technology Company
Newsfilter· 2024-06-24 12:29
the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission (SEC). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this re ...
VCI Global Partners With Treasure Global Inc. to Accelerate E-Commerce and Fintech Growth in Southeast Asia
Newsfilter· 2024-06-18 12:39
CONTACT INFORMATION: For media queries, please contact: VCI Global Limited enquiries@v-capital.co KUALA LUMPUR, Malaysia, June 18, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ:VCIG) ("VCI Global", "VCIG", or the "Company"), through its subsidiary, Credilab Sdn. Bhd., today unveiled its strategic collaboration with Treasure Global Inc ("TGL") to enhance TGL's e-commerce platform, ZCITY App, into an advanced AI-driven Super App ("ZCITY Super App"). In this strategic partnership, VCIG will leverage TGL' ...
VCI Global Enters Into Partnership to Develop Large-Scale Bitcoin Mining Opportunities
Newsfilter· 2024-06-13 12:39
According to Statista, as of June 2024, Bitcoin's market capitalization continues to grow, reaching US$ 1.39 trillion with an annual growth rate of 178.4%, reinforcing its position as a leading store of value in the cryptocurrency landscape. This unique proposition makes Bitcoin an attractive investment choice, distinguishing it from traditional assets. As VCI Global and Emerging Hub embark on their strategic partnership to advance large-scale Bitcoin mining farms, they recognize the inherent stability and ...
VCI Global to Develop Next-Generation AI Computing Data Center for the Next Industrial Revolution
Newsfilter· 2024-06-11 12:39
CONTACT INFORMATION: For media queries, please contact: VCI Global Limited enquiries@v-capital.co KUALA LUMPUR, Malaysia, June 11, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ:VCIG) ("VCI Global", "VCIG", or the "Company"), today announced its strategic plan to build artificial intelligence (AI) computing data centers, designed to meet the intense computational demands of AI workloads. This initiative marks a significant step forward in driving the next industrial revolution through cutting-edge tech ...
VCI Global Unveils "Socializer": A Military-Grade Secured Messaging Platform with Secure Digital Asset Wallet for Consumers
Newsfilter· 2024-06-07 12:39
Socializer stands out with its military-grade end-to-end encryption, ensuring that user communications and media remain private and secure. A highlight of the platform is its advanced facial recognition technology that instantly conceals chats with "private status" contacts when someone other than the user is looking at the phone, adding an extra layer of privacy. The beta version of Socializer will be available for download on Android and Apple App Stores starting July 2024, with the grand launch of the fu ...
VCI (VCIG) - 2024 Q4 - Earnings Call Transcript
2024-04-30 13:14
Financial Data and Key Metrics Changes - The company reported a remarkable 145% increase in revenue, reaching $19.8 million, and a 57% increase in net income to $7.2 million compared to the previous fiscal year [12][14] - Earnings per share grew by 62% to $0.21 [7] - EBITDA increased by 125% to $7.3 million, while operating income rose over 128% to $7.1 million [16] Business Line Data and Key Metrics Changes - Capital market consultancy revenue surged by 265% [5] - Technology consulting revenue grew by 13% to $4.5 million, focusing on IT consultancy and system development in the Fintech industry [6] Market Data and Key Metrics Changes - As of December 31, 2023, the company is advising 10 clients in the process of going public on NASDAQ [6] Company Strategy and Development Direction - The company aims to broaden its scope of IPO advisory services in the Southeast Asia region, driven by strong performance and expanded capabilities [4] - The company is well-positioned for further market expansion, leveraging its market exposition, diverse services, and talented teams [4] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the opportunities ahead, citing growing demand for services and an evolving tech landscape [4] - The fiscal year 2023 results underscore the company's commitment to delivering value and driving sustainable growth [8] Other Important Information - The company emphasizes the importance of non-GAAP financial measures in evaluating performance, which should not be considered substitutes for GAAP measures [2] Q&A Session Summary - The Q&A session did not contain specific questions or answers as the call concluded without further inquiries [20]
VCI (VCIG) - 2023 Q4 - Annual Report
2024-04-30 12:38
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR B03-C-8 & 10, Menara 3A, KL Eco City, No.3 Jalan Bangsar, 59200 Kuala Lumpur, Malaysia (Address of pri ...
VCI (VCIG) - 2023 Q2 - Earnings Call Transcript
2023-10-06 15:15
VCI Global Limited (NASDAQ:VCIG) Q2 2023 Earnings Conference Call October 4, 2023 8:30 AM ET Conference Call Participants IÂ'd now like to hand the conference over to IR Consulting from ICR, Michael Bowen. Joining me today are Victor Hoo, our CEO; and Zhi Feng Ang, our CFO. I will now turn the call over to our CEO, Victor Hoo. Victor? We are very proud of the teamÂ's execution that led to an exceptional first half. We are also very pleased with our results and progress now that we are a publicly traded comp ...
VCI (VCIG) - 2022 Q4 - Annual Report
2023-05-15 18:49
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...