VCI Global Limited announced that its Group Executive Chairman and CEO, Dato’ Victor Hoo, has entered into a US$13.3 million, 12-month share subscription program. This initiative signals his optimistic outlook on the Company’s future growth.
Under this program, Dato’ Victor Hoo will acquire shares monthly at a 10% premium to the closing price on the trading day prior to each payment date. All acquired shares will be subject to U.S. SEC Rule 144 restrictions, aligning with long-term shareholder interests.
This share purchase plan aligns with VCI Global's aggressive growth strategy across AI & Robotics, cybersecurity, and renewable energy. The CEO's increased stake reflects his confidence in the potential of these initiatives and the company's target of 200% revenue growth in 2025.
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