Core Insights - VCI Global Limited has announced a strategic collaboration with Treasure Global Inc to enhance TGL's e-commerce platform, ZCITY App, into an AI-driven Super App [3] - The partnership aims to leverage TGL's user base of approximately 3 million to expand VCI Global's financial services [3][6] - The integration of fintech and e-commerce through secured messaging and AI-driven microfinancing features is expected to revolutionize digital transactions [4] Company Overview - VCI Global is a diversified holding company focusing on consulting, fintech, AI, robotics, and cybersecurity, primarily operating in Asia [7] - The company offers a proprietary financing platform and a secured messaging platform, serving various sectors including government and organizations [7] Market Impact - The partnership is positioned to enhance financial inclusion across Southeast Asia, starting with Malaysia, which has a population exceeding 33 million [5] - This strategic move is expected to accelerate the deployment of innovative solutions and provide long-term value for shareholders [6]

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 ...

Core Insights - VCI Global Limited announced a strategic plan to build AI computing data centers to meet the growing computational demands of AI workloads, marking a significant step in technological advancement [2][3] - The AI computing data center will utilize advanced water-cooled H200 GPUs, providing GPU as a service (GPUaaS) to various sectors, enhancing computational efficiency while promoting sustainable energy use [3][4] - The global GPUaaS market is projected to grow at a CAGR of 35.8% from 2024 to 2032, reaching approximately US$49.84 billion by 2032, driven by the increasing demand for cloud computing and AI across multiple industries [4] - VCI Global plans to establish its first AI computing data center in Malaysia by Q1 2025, with intentions to expand to Europe and the United States by the end of 2025 [5][6] - The company is in negotiations with leading technology partners and GPU suppliers to ensure the successful implementation of its data center projects [5][6] Company Overview - VCI Global is a diversified holding company focusing on consulting, fintech, AI, robotics, cybersecurity, and gamification, with operations primarily in Asia and visibility across multiple regions [7] - The company offers consulting services in capital markets, real estate, AI, and technology, and operates a proprietary financing platform for businesses and individuals [7]

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 ...

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]

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 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 ...

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 ...