VCI Global Announces IPO for Wholly Owned Consulting Arm, Unlocking New Growth Opportunities

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]