VCI Global Ltd. (VCIG) News
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VCIG News Highlights
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Latest VCIG News From Around the Web
Below are the latest news stories about VCI GLOBAL LTD that investors may wish to consider to help them evaluate VCIG as an investment opportunity.
VCI Global Announces IPO for Wholly Owned Consulting Arm, Unlocking New Growth OpportunitiesKUALA LUMPUR, Malaysia, Jan. 07, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global,” or the “Company”), today announced the carve-out of its wholly owned subsidiary, V Capital Consulting Group Limited (“VCCG”), for listing on the Nasdaq Capital Market. VCIG will retain majority control of VCCG. This strategic initiative aims to enable both companies to focus on their core competencies, better serve their respective markets, and enhance growth potential and value creation fo |
VCI Global Expands AI Portfolio with Strategic Investment in Innovative AI Agents Startup - MarvisKUALA LUMPUR, Malaysia, Dec. 30, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global,” or the “Company”), today announced that its investment holding arm for artificial intelligence (AI) portfolios, VC AI Limited (“VC.AI”) has invested in Marvis Inc., a Delaware corporation (“Marvis”), an innovative AI startup company, pioneering advanced digital clone AI technology. This investment was made through a Simple Agreement for Future Equity (SAFE), which provided VC.AI to receive |
VCI Global Embarks on a Strategic Series of Renewable Energy Asset Acquisitions, Starting with a North Macedonia Solar FarmKUALA LUMPUR, Malaysia, Dec. 19, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), has signed a term sheet to acquire a solar farm with an estimated capacity of 1.14 megawatts (MW), located in Novo Selo, North Macedonia. The acquisition is valued at approximately US$1.26 million (or approximately €1.2 million) and is subject to due diligence and the signing of a definitive agreement. The bifacial solar farm, equipped with Huawei Technology inverters, ach |
VCI Global Bets Big On Solar: $50 Million Investment Targets 100 MW Across Asia and EuropeVCI Global Limited (NASDAQ:VCIG) shares surged after it announced plans to develop and acquire 100 MW of solar PV projects across Southeast Asia and Europe over five years, aiming to generate $200 million in revenue over two decades. The company will source 70% of the 100 MW from Malaysia, leveraging the Corporate Renewable Energy Supply Scheme (CRESS) to power its data center, boosting energy independence and sustainability. With data centers projected to consume 16% of U.S. power by 2030, sola |
VCI Global Targets US$200 Million Revenue with 100 MW of Solar Photovoltaic Projects in Southeast Asia and EuropeKUALA LUMPUR, Malaysia, Dec. 13, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), is setting a target to develop and acquire up to 100 megawatts (MW) of solar photovoltaic (PV) projects across Southeast Asia (SEA) and Europe within the next five years. This expansion is expected to generate approximately US$200 million in revenue over the next 20 years and significantly contribute to VCI Global’s long-term growth. As part of this initiative, VCI Global |
VCI Global Receives Conditional Letter of Award for US$24 Million AI ContractKUALA LUMPUR, Malaysia, Nov. 27, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), through its subsidiary, V-Gallant Sdn. Bhd. (“V-Gallant”), is pleased to announce that it has received a conditional Letter of Award valued at approximately US$24 million from Hexatoff Group Sdn. Bhd. (“Hexatoff Group”) for its proposed data center project in Enstek City, Malaysia. Under the agreement, V-Gallant has been selected to supply cutting-edge AI hardware and soft |
VCI Global Regains Compliance with Nasdaq Minimum Bid Price RuleKUALA LUMPUR, Malaysia, Nov. 26, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a diversified holding company with expertise in consulting, fintech, AI, robotics and cybersecurity, today announced that it has received written notice from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the “Rule”) |
VCI Global Announces 1-for-49 Reverse Stock SplitKUALA LUMPUR, Malaysia, Nov. 01, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI Global” or the “Company”), a diversified holding company with expertise in consulting, fintech, AI, robotics and cybersecurity, is pleased to announce the approved 1-for-49 stock split of the Company’s common stock with no par value, effective at 12:01 a.m. Eastern Time on 5 November, 2024 (the “Reverse Stock Split”). VCI Global’s common stock will continue to be traded on the Nasda |
VCI Global Wins Its First AI Contract Worth US$16 MillionKUALA LUMPUR, Malaysia, Oct. 29, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI Global” or the “Company”) is pleased to announce that its subsidiary, V Gallant Sdn Bhd (“V-Gallant”), has been awarded a groundbreaking US$16 million contract to develop an advanced AI digital human-enabled live streaming platform for a Malaysian e-commerce player. This innovative live-streaming platform integrates a comprehensive development strategy that leverages AI servers powe |
VCI Global Completes Founder Group Limited’s IPO on Nasdaq, Records US$5.2 Million in RevenueKUALA LUMPUR, Malaysia, Oct. 24, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI Global” or the “Company”) is thrilled to announce the successful IPO of its client, Founder Group Limited’s (NASDAQ: FGL) (“FGL”) on Nasdaq on October 23, 2024. FGL is a leading Malaysian solar engineering, procurement, construction and commissioning (EPCC) company that was spun off from Reservoir Link Energy Berhad, a Bursa Malaysia-listed company. With expertise in capital market |