Company Overview - VCI Global Limited has entered a legally binding term sheet to acquire a 51% controlling equity interest in RTCAR Comercializadora de Suministros Automotrices, S.A. de C.V. (RTCAR Mexico), enhancing its operational capabilities in the automotive sector [1] - RTCAR Mexico is a leading automotive manufacturing platform focused on delivering high-quality, cost-efficient solutions for global automotive OEMs and Tier-1 suppliers, leveraging strategic North American operations [6] Strategic Importance - The acquisition provides VCI Global with an immediately operational, scalable industrial base to support high-volume production for a leading global automotive OEM expanding its footprint in North America [1] - RTCAR Mexico will serve as a core manufacturing and assembly platform for the OEM's North American market entry, focusing initially on high-demand SUV and hybrid vehicle models [4] Market Context - The North American automotive industry was valued at approximately US$1.23 trillion in 2025 and is projected to grow at a compound annual growth rate (CAGR) of 5.4% through 2034, driven by sustained demand for SUVs, hybrid, and electrified vehicles [3] - Combined motor vehicle production across the United States, Mexico, and Canada reached approximately 16.1 million units in 2024, with Mexico accounting for over 20% of the region's production [4] Leadership and Operations - RTCAR Mexico is led by a seasoned management team with extensive experience across global automotive OEMs and Tier-1 suppliers, ensuring compliance with USMCA and positioning the platform to meet international standards [2] - The existing Memorandum of Understanding (MOU) is expected to convert into a definitive offtake agreement in January 2026, ensuring guaranteed production volumes and providing early revenue visibility [4] Future Outlook - The acquisition is expected to accelerate VCI Global's transition into industrial-scale EV and SUV manufacturing, diversifying its earnings base toward asset-backed, recurring industrial revenue [5] - The first vehicle delivery is anticipated in Q4 2026, marking the beginning of a multi-year growth trajectory for the company [5]

Company Overview - VCI Global Limited has entered a legally binding term sheet to acquire a 51% controlling equity interest in RTCAR Comercializadora de Suministros Automotrices, S.A. de C.V. ("RTCAR Mexico"), enhancing its operational capabilities in the automotive sector [1] - RTCAR Mexico is positioned as a leading automotive manufacturing platform, focusing on high-quality, cost-efficient solutions for global automotive OEMs and Tier-1 suppliers [6] Strategic Importance - The acquisition provides VCI Global with an immediately operational and scalable industrial base to support high-volume production for a leading global automotive OEM expanding in North America [1] - RTCAR Mexico will serve as a core manufacturing and assembly platform for the OEM's North American market entry, initially focusing on high-demand SUV and hybrid vehicle models [4] Market Context - The North American automotive industry was valued at approximately US$1.23 trillion in 2025, with a projected compound annual growth rate (CAGR) of 5.4% through 2034, driven by demand for SUVs, hybrids, and electrified vehicles [3] - Combined motor vehicle production across the United States, Mexico, and Canada reached approximately 16.1 million units in 2024, with Mexico accounting for over 20% of the region's production [4] Operational Readiness - RTCAR Mexico is led by a seasoned management team with extensive experience in global automotive OEMs and Tier-1 suppliers, ensuring compliance with USMCA and optimizing supply chains [2] - The existing Memorandum of Understanding (MOU) is expected to convert into a definitive offtake agreement in January 2026, ensuring guaranteed production volumes and early revenue visibility for VCI Global [4][5] Future Outlook - The first vehicle delivery is anticipated in Q4 2026, marking the beginning of a multi-year growth trajectory for VCI Global in the automotive sector [5] - The acquisition is expected to diversify VCI Global's earnings base toward asset-backed, recurring industrial revenue [5]

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]