VCI (US:VCIG) Globenewswire·2025-11-17 13:08Core Insights - VCI Global Limited has announced a special dividend of 10% of its cybersecurity and AI subsidiary, V Gallant Limited, to be distributed to all shareholders, marking a strategic move towards unlocking value ahead of V Gallant's planned Nasdaq IPO [1][2][3] Group 1: Dividend Announcement - The special dividend will be distributed on a pro rata basis to all VCIG shareholders, representing a 10% equity interest in V Gallant [1][4] - The record date for the dividend distribution will be announced after administrative procedures are completed, with confirmation expected within 7-14 days [4] Group 2: Strategic Rationale - The distribution aims to broaden shareholder participation in V Gallant, reduce corporate concentration, and enhance trading liquidity, aligning long-term interests across both entities [2][6] - This move is part of VCI Global's value-unlocking strategy as V Gallant prepares for its Nasdaq carve-out IPO, which is projected to have a nine-figure valuation based on internal estimates and market comparables [2][5] Group 3: V Gallant's Positioning - V Gallant is recognized as one of VCI Global's fastest-scaling technology units, focusing on cybersecurity and AI solutions for enterprises and government organizations [3][7] - The company is advancing through key preparatory milestones for its IPO, including audit completion, valuation review, and engagement with institutional investors [5][6]