VCI Global (VCIG) Announces IPO for Wholly Owned Consulting Arm
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VCI Global Announces IPO for Wholly Owned Consulting Arm, Unlocking New Growth Opportunities
January 7, 2025 9:19 AM ESTKUALA 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 for shareholders.
The carve-out has been executed pursuant to the Stock Sale and Business Separation Agreement entered into on... More
