VCI Global Provides, Updates on Its AI Business

Reporter: Bacakoranradarseluma |

Editor: Erlin Marfiansya |

Sabtu , 14 Sep 2024 - 09:42

VCI--radarseluma.bacakoran.co

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/.

vci global provides, updates on its ai business                             
koranradarseluma.net - 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/.

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