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VCI Global Initiates Rescission and Cancellation of Shares from QuantGold Transaction, Tightening Capital Structure Following Reverse Split
Globenewswire· 2025-09-17 19:00
KUALA LUMPUR, Malaysia, Sept. 17, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), today announced the rescission of its previously announced acquisition of 20% equity stake in QuantGold Data Group Limited ("QuantGold"), resulting in the cancellation of associated shares and a more efficient capital base. Following an internal and strategic review, VCI Global’s board determined that the proposed acquisition would not deliver optimal value for shareholders. The Comp ...