VCI Global Provides Updates on Its AI Business, Capital Raising, and Share Repurchase Program
10 Septiembre 2024 - 6:59AM
VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI Global,”
“VCIG,” or the “Company”) is pleased to announce its planning
related to the reorganization of its AI business, capital raising,
and the forthcoming share repurchase program.
AI Business
VCIG has initiated a strategic reorganization of
its AI operations under the newly formed subsidiary, VC AI Limited.
The AI business has been restructured into four pivotal business
segments:
- GPU servers – VCIG will launch its proprietary brand of GPU
servers for the AI industry and commence operation in October
2024.
- GPU cloud computing – The Company will debut its AI data center
business by launching AI Computing Center in Malaysia (“AICC
Malaysia”), with GPU cloud computing services scheduled to commence
in the second quarter of 2025, as previously announced.
- AI and large language model (LLM) solutions – VCIG has also
made notable advancements in its AI and LLM solutions capabilities,
which are now actively offered to clients.
- Cybersecurity – The Company continues to enhance its
cybersecurity solutions, focusing on wider and more sophisticated
offerings within the AI space.
Capital Raising
The capital-raising round for the AI business
has been successfully concluded, and the initial funding needed for
this business has been secured. The Company is now poised to
implement its growth strategy.
Share Repurchase Program
In alignment with its strategic objectives, VCIG
intends to initiate a previously announced share repurchase program
in the first quarter of 2025. This program is designed to augment
shareholder value and reinforce its commitment to sustained
long-term growth.
“VCI Global is committed to driving long-term
shareholder value through our pioneering AI businesses. Our
advancements in these areas are strategically positioned to
capitalize on Southeast Asia’s growing digital economy. We look
forward to the execution of our growth plan and share repurchase
program, which underscore our dedication to sustainable growth and
enhancing shareholder returns,” said Dato’ Victor Hoo, Group
Executive Chairman and Chief Executive Officer of VCI Global.
About VCI Global Limited
VCI Global is a diversified holding company
headquartered in Kuala Lumpur, Malaysia. The Company operates
through five core businesses: Capital Market Consultancy, Fintech,
Real Estate, AI & Robotics, and Cybersecurity. In Capital
Market Consultancy, we provide IPO solutions, investor relations
(IR) and public relations (PR) consultancy, and M&A
consultancy. Our Fintech arm offers a proprietary financing
platform. In Real Estate, we offer specialized real estate
consultancy services. The AI business delivers GPU servers, GPU
cloud computing services, AI and large language model (LLM)
solutions, while the Robotics segment focuses on post-harvest
robotics systems. Our Cybersecurity segment provides comprehensive
cybersecurity consultancy services and solutions. Committed to
fostering innovation and delivering exceptional value, VCI Global
has established a strong presence across the Asia-Pacific region,
the United States, Europe, and the Middle East, driving growth and
transformation on a global scale.
For more information on the Company, please log on
to https://v-capital.co/.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking
statements that are subject to various risks and uncertainties.
Such statements include statements regarding the Company’s ability
to grow its business and other statements that are not historical
facts, including statements which may be accompanied by the words
“intends,” “may,” “will,” “plans,” “expects,” “anticipates,”
“projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,”
“potential” or similar words. These forward-looking statements are
based only on our current beliefs, expectations, and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks, and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Therefore, you should not rely on
any of these forward-looking statements. Actual results could
differ materially from those described in these forward-looking
statements due to certain factors, including without limitation,
the Company’s ability to achieve profitable operations, customer
acceptance of new products, the effects of the spread of
coronavirus (COVID-19) and future measures taken by authorities in
the countries wherein the Company has supply chain partners, the
demand for the Company’s products and the Company’s customers’
economic condition, the impact of competitive products and pricing,
successfully managing and, general economic conditions and other
risk factors detailed in the Company’s filings with the United
States Securities and Exchange Commission (“SEC”). The
forward-looking statements contained in this press release are made
as of the date of this press release, and the Company does not
undertake any responsibility to update the forward-looking
statements in this release, except in accordance with applicable
law.
CONTACT INFORMATION:
For media queries, please contact:
VCI Global Limited enquiries@v-capital.co
VCI Global (NASDAQ:VCIG)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
VCI Global (NASDAQ:VCIG)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024