Core Points - VCI Global Limited has entered into a definitive agreement for the issuance and sale of 2,777,778 ordinary shares at an offering price of $1.80 per share, expected to close on or about October 31, 2025 [1][2] - The gross proceeds from the offering are anticipated to be approximately $5,000,000, which will be used for working capital and general corporate purposes [2] Company Overview - VCI Global Limited is a provider of business and technology consulting services, focusing on developing platforms in artificial intelligence, encrypted data infrastructure, digital treasury systems, and next-generation capital market solutions [4][5] - The company aims to integrate technology innovation with financial ecosystems to help enterprises, governments, and institutions capitalize on opportunities in the digital economy [5]

Core Insights - VCI Global Limited has announced the rescission of its previously planned acquisition of a 20% equity stake in QuantGold Data Group Limited, leading to the cancellation of associated shares and a more efficient capital base [1][2] Group 1: Acquisition Details - The board of VCI Global determined that the proposed acquisition would not provide optimal value for shareholders, prompting the initiation of formal proceedings to rescind the transaction [2] - The original acquisition framework included a plan to acquire Secure Encryption Storage Limited (SES) for HKD 10 million, but it was found that SES did not possess the expected portfolio of 129 patents, which was a critical component of the transaction [3] - No intellectual property has been transferred or assigned to VCI Global or QuantGold, allowing the company to maintain flexibility in pursuing other strategic technology partnerships [4] Group 2: Strategic Positioning - With the resolution of these matters, VCI Global is positioned to advance its cybersecurity business through its V Gallant distributorship with SES and other technology partners, enabling faster market penetration [5] - The rescission reflects the company's commitment to a disciplined capital structure, especially following a recent reverse split, which will result in a tighter share base and a sharper focus on expanding cybersecurity operations [6] Group 3: Company Overview - VCI Global Limited operates as a cross-sector platform builder, focusing on technology and financial architecture, and aims to develop scalable platforms across various high-growth sectors including artificial intelligence and encrypted data infrastructure [7]