VCI Global Limited announced the carve-out of its wholly owned subsidiary, V Capital Consulting Group Limited (VCCG), for listing on the Nasdaq Capital Market. VCI Global 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 was executed via a Stock Sale and Business Separation Agreement on December 30, 2024.
Following the carve-out, VCI Global will intensify its focus on high-growth sectors like fintech, data center, AI & robotics, renewable energy, and cybersecurity. VCCG will continue to specialize in capital market advisory, with the listing expected to be completed by the end of the first quarter of 2025.
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