VCI Global Limited

Earnings data Q2 2023

VCI Global Ltd. engages in the provision of business consulting services. It operates through the following segments: Business Strategy Consultancy, Technology Consultancy, and Others. The Business Strategy Consultancy segment offers services relating to listing solutions, investors relations, and boardroom strategies. The Technology Consultancy segment specializes in digital development and software solutions. The company was founded in 2013 and is headquartered in Kuala Lumpur, Malaysia.

KUALA LUMPUR, Malaysia, Aug. 23, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) announced that through its wholly-owned subsidiary, V Galactech Sdn Bhd, it has teamed up with the Microsoft Azure OpenAI platform. Harnessing on the respective parties' AI-powered innovative expertise, this partnership sculps the future of business solutions by revolutionising the tech landscape through the application of Microsoft Azure OpenAI services.

VCI Global Limited Announces Visionary Collaboration With Microsoft Azure OpenAI

KUALA LUMPUR, Malaysia, Aug. 21, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) today announced it has been appointed as an independent, exclusive licensee of AdScale Ltd's (“AdScale”) selected products with the objective of promoting these products in an exclusive assigned territory, pursuant to a partnership and licensing agreement between the Company and AdScale. The said territory involves 9 regions, namely, Hong Kong, Indonesia, Malaysia, The Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam.

VCI Global Appointed as AdScale's Exclusive Licensee for AI-Powered Marketing Tools

KUALA LUMPUR, Malaysia, July 19, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) announced that the Company will be collaborating with Treasure Global Inc (NASDAQ: TGL) (“TGL” or “Treasure Global”) to develop an artificial intelligence (“AI”)-powered travel platform to heighten the travelling experiences for travellers in Malaysia.

VCI Global Collaborates With Treasure Global Inc To Develop AI-Powered Travel Platform To Tap On USD1 Trillion Digital Economy

KUALA LUMPUR, Malaysia, June 26, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) announced that it has proposed to acquire a 51% stake in Cogia GmbH from Cogia AG for a purchase consideration of USD5 million.

VCI Global Proposes To Acquire A 51% Stake In AI-Based Cogia GmbH

VCI Global (NASDAQ: VCIG ) stock is taking a beating on Wednesday but it's not due to any negative news from the business and technology consulting company. Instead, shares of VCIG stock are falling today as they retreat from a rally the company's shares underwent yesterday.

Why Is VCI Global (VCIG) Stock Down 20% Today?

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Shares of VCI Global Ltd. VCIG, +165.89% skyrocketed 165.7% on massive volume in afternoon trading Tuesday, after the provider of business consulting services said it was appointed by Germany-based software company Cogia GmbH 8HC, +30.89% to distribute for the promotion and sale of Cogia's “Socializer Messenger” communication application.

VCI Global stock blasts off on heavy volume after distributor deal for Cogia's Socializer Messenger

KUALA LUMPUR, Malaysia, June 20, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) announced it has been appointed by Cogia GmbH as the latter's distributor for the promotion and sale of its communication application known as “Socializer Messenger”.

VCI Global To Distribute AI-Based State Of The Art “Socializer Messenger” For Cogia GmbH

VC Global Limited shares jumped in pre-market Nasdaq trading after it announced it has entered talks with data technology company Fusion Group to establish a mutually beneficial exclusive collaboration. The consulting group said it aims to provide artificial intelligence (AI) and big data consulting services to its clients using Fusionex as its technology partner.

VCI Global stock surges on AI partnership with Fusionex

KUALA LUMPUR, Malaysia, June 16, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) today announced that it has entered into discussions with the Fusionex Group (“Fusionex”) to establish a mutually beneficial exclusive collaboration between both parties.

VCI Global Marks Debut into Artificial Intelligence (“AI”) and Big Data Industries Through Partnership with Fusionex

KUALA LUMPUR, Malaysia, June 13, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) today announced that its wholly owned subsidiary, V Capital Consulting Limited (“VCCL”) has been appointed as Sagtec Group Sdn Bhd's (“SAGTEC”) initial public offering (“IPO”) consultant. This is in conjunction with SAGTEC's proposed listing on the NASDAQ stock market. This IPO advisory mandate entails a USD2 million advisory fee and a success fee of 5% of the market capitalisation of SAGTEC when listed.

VCI Global Engaged As Sagtec Group Sdn Bhd's IPO Consultant and Business Expansion Consultant

KUALA LUMPUR, Malaysia, June 06, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) has declared a first single tier interim dividend of USD0.01 per ordinary share. The payout is the Company's way of rewarding its shareholders for their support over the years.

VCI Global Declares Interim Dividend And Firms Up Dividend Policy

KUALA LUMPUR, Malaysia, June 01, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) today announced that its wholly owned subsidiary, V Capital Real Estate Sdn Bhd (“V Capital Real Estate”) has been engaged as a consultant by Tinta Anggun Engineering Sdn Bhd (“Tinta Anggun”). This is with respect to the latter's mixed development project known as Porto De Melaka, comprising residential and commercial units on a 9.91-acre commercial land in Melaka. The land, located next to the Melaka river mouth, fronting the sea, is about 600 metres from the famous Jonker Walk within the UNESCO Heritage Site of Melaka. Melaka, located approximately 2 hours driving distance from the capital of Malaysia, Kuala Lumpur, attracts an average of 18 million tourist arrivals to the UNESCO Heritage Site of Melaka. The site also boasts a waterfront resort living style and located next to the upcoming Melaka International Yacht Club.

VCI Global engaged as consultant for RM600 million (approximately USD130 million) mixed development project in Melaka, Malaysia

KUALA LUMPUR, Malaysia, May 31, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) has been engaged by Horizon Globex GmbH, and its affiliates, to provide advisory services on selected financial consultancy related services where the terms were formalised in a marketing and referral agreement signed between the two parties.

VCI Global Limited To Serve As Exclusive Adviser To Horizon Globex GmbH

KUALA LUMPUR, Malaysia, May 31, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) today announced it will be subscribing for 500 new GlobexUS Holdings Corp (“GlobexUS”) shares at USD3,000 per share for USD1.5 million. This investment signals the expansion of the Company's business into the digital asset market.

VCI Global To Subscribe For Stake In GlobexUS Holdings Corp

KUALA LUMPUR, Malaysia, May 30, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) today announced that its wholly owned subsidiary V Capital Consulting Limited (“VCCL”) has been appointed as the consultant for HWGG Entertainment Limited (“HWGG”, which stands for Ho Wah Genting Group), for the latter's forthcoming listing on the NASDAQ stock market. This advisory mandate entails a USD1.6 million advisory fee and also a success fee of 5% of HWGG's market capitalisation upon listing.

VCI Global Appointed Consultant For The Up-Listing Of HWGG Entertainment

VCI Global to introduce clients to Upstream for secondary trading on a digital-first market VCI Global to introduce clients to Upstream for secondary trading on a digital-first market

VCI Global Expands Business Advisory Practice into Capital Markets Sector

VCI Global Limited applies to dual list on Upstream to tap into global audience who can invest using digital currency & traditional payments VCI Global Limited applies to dual list on Upstream to tap into global audience who can invest using digital currency & traditional payments

VCI Global Limited Announces Application for Dual Listing on Upstream

KUALA LUMPUR, Malaysia, May 10, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) announced that it has signed an Initial Public Offering (“IPO”) advisory mandate with Agroz Group Sdn Bhd (“Agroz”). This IPO advisory mandate entails a USD2 million advisory fees and also a success fees of 5% of the market capitalisation of Agroz when listed.

VCI Global Limited Signs IPO Advisory Mandate With Agroz Group

KUALA LUMPUR, Malaysia, May 09, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) announced that it has signed a non-binding Memorandum Of Understanding ("MOU”) with Reservoir Link Energy Bhd's 51% owned subsidiary, Founder Energy Sdn Bhd (“FESB”) to possibly form a strategic alliance, which would tap into the respective unique strengths of VCI Global and FESB. Such strengths would be applied to explore and venture into new market opportunities in the clean energy industry to procure, manage and develop clean energy projects within the Southeast Asia region.

VCI Global Limited & Founder Energy Begins Process to Form Strategic Alliance to Explore Clean Energy Industry

KUALA LUMPUR, Malaysia, April 20, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) today announced it has signed a Memorandum of Agreement (“MOA”) which summarizes the principal terms of its proposed 70% acquisition of LOCUS-T Sdn Bhd (“LOCUS-T”) by V Capital Kronos Berhad (“V Capital Kronos”), a wholly owned subsidiary of VCI Global for a purchase consideration of Ringgit Malaysia Thirteen Million Four Hundred and Forty Thousand (RM13,440,000.00) (equivalent to approximately US$3,028,391, based on the exchange rate of US$1.00: RM4.4380 as at April 20, 2023). As part of the principal terms of the acquisition, V Capital Kronos will also be granted a first right of refusal to purchase the remaining 30% stake in LOCUS-T from its existing vendor should they decide to sell.

VCI Global Limited Announces Memorandum of Agreement to Acquire a 70% stake in LOCUS-T Sdn Bhd

KUALA LUMPUR, Malaysia, April 17, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) today announced the closing of its initial public offering (the “Offering”) of 1,280,000 ordinary shares at a price to the public of $4.00 per share. The aggregate gross proceeds of the Offering were $5,120,000, prior to deducting underwriting discounts, commissions and Offering expenses.

VCI Global Limited Announces Closing of $5.12 Million Initial Public Offering

KUALA LUMPUR, Malaysia, April 13, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) a multi-disciplinary consulting group with key advisory practices in the areas of business and technology, announced that its ordinary shares have commenced trading on The Nasdaq Capital Market today under the ticker symbol "VCIG." The shares closed their first day of trading above the offering price at $4.25.

VCI Global Limited “VCIG” Closes Its First Day of Trading on The Nasdaq Capital Market

KUALA LUMPUR, Malaysia, April 13, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) announced that its ordinary shares have commenced trading on The Nasdaq Capital Market today under the ticker symbol "VCIG."

VCI Global Limited's Stock (“VCIG”) Has Commenced Trading on The Nasdaq Capital Market

KUALA LUMPUR, Malaysia, April 13, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) today announced the pricing of its initial public offering of 1,280,000 shares of its ordinary shares at a price to the public of $4.00 per share for a total of $5,120,000 of gross proceeds to the Company (the "Offering"), before deducting underwriting discounts, commissions and other Offering expenses. In addition, VCI Global has granted the underwriters a 45-day option to purchase up to an additional 192,000 of its ordinary shares at the public offering price of $4.00 per share, less the underwriting discounts and commissions, to cover over-allotments, if any.

News for VCI Global Limited Stock (VCIG)