Core Viewpoint - VCI Global Limited has announced the spin-off of its capital markets advisory subsidiary, V Capital Consulting Group, at a valuation of US$168 million, aiming to transition towards a more focused, technology-driven business model while retaining a 30% equity interest in the subsidiary [1][5]. Group 1: Spin-Off and Valuation - The spin-off of V Capital Consulting Group (VCCG) is valued at US$168 million, which is seen as a significant milestone for VCI Global as it aligns with the company's long-term strategic direction [5]. - VCI Global will maintain a 30% equity interest in VCCG, allowing for a balance between independence and strategic oversight [1][4]. Group 2: Dual-Track IPO Strategy - The transaction represents the first execution of VCI Global's dual-track IPO strategy, which aims to unlock subsidiary value and improve capital efficiency [2]. - The dual-track structure consists of two pathways: 100% pre-money carve-out IPOs for core technology divisions and 30% retained spin-off IPOs for mature portfolio divisions [2][3]. Group 3: Strategic Focus and Growth - The spin-off enhances VCI Global's balance sheet flexibility without diluting shareholder value, enabling VCCG to pursue independent capital-raising initiatives [4]. - VCI Global's strategy focuses on allocating resources to high-growth technology verticals, including AI, GPU infrastructure, cybersecurity, and digital asset infrastructure [4][5]. Group 4: Company Overview - V Capital Consulting Group specializes in capital markets advisory services, including pre-IPO, IPO, and post-IPO phases, as well as merger and acquisition advisory services [6]. - VCI Global operates across various sectors, including AI solutions, digital asset infrastructure, and renewable energy projects, positioning itself as a platform builder in technology and financial architecture [8].