Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Introducing VCI Global (NASDAQ: VCIG): A Journey from Capital Markets to Technology Consultancy By: Spotlight Growth June 28, 2023 at 08:30 AM EDT In an era where technology permeates every facet of our lives, organizations that champion digital transformation not only survive but thrive. One such thriving entity is VCI Global Limited (NASDAQ: VCIG), a multi-disciplinary consulting group with a humble origin in capital markets consultancy that has remarkably ventured into the cutting-edge realm of technology consultancy. Emerging from Kuala Lumpur, Malaysia, and making its mark on the NASDAQ, VCI Global has undertaken an inspiring journey that epitomizes business agility and innovation. This article unravels VCI Global’s exciting progression, its key offerings, strategic partnerships, recent accomplishments, and how this powerhouse is reshaping the consulting landscape. A Brief Overview of VCI Global VCI Global is a multi-disciplinary consulting group with its headquarters in Kuala Lumpur, Malaysia. Founded in 2013, the company has made significant strides in the consulting industry, particularly in the capital markets and technology sectors. VCI Global’s mission is to help its clients achieve their business objectives by providing innovative and best-in-class consulting solutions and services. The company’s core advisory practices span various areas, including business consultancy, technology consultancy, IPO advisory, Investor Relations (IR) and Public Relations (PR) initiatives, Mergers & Acquisitions (M&A) advisory, and post-IPO boardroom strategies. VCI Global’s Expansion into Technology Consultancy VCI Global has successfully expanded its services from capital markets consultancy to technology consultancy. The company’s technology consultancy services are designed to provide strategic advisory on clients’ technology requirements and develop modern software to assist clients with business automation and scaling. One of the key offerings in this area is the development of Software as a Service (SaaS) solutions. VCI Global also builds proprietary fintech software to suit client’s needs and integrates innovative solutions into business processes to increase efficiency. In addition, VCI Global has made a significant contribution to the tech industry by developing Malaysia’s first law enforcement education software system. This achievement underscores the company’s commitment to leveraging technology to solve real-world problems. VCI Global’s Methodologies VCI Global’s approach to both business and technology consultancy is methodical and client-centric. The process begins with a thorough analysis and assessment of the client’s problem, requirements, and business goals. This includes an assessment of the business’s current situation, including financial, legal, and IT infrastructure aspects. Following the initial assessment, VCI Global conducts an in-depth diagnosis and strategizes a plan with strategic recommendations. Once the plan is approved, an internal and external professional team is engaged to execute the plan with integrity and professionalism. The company’s fee arrangement is flexible and depends on the client’s needs, including options for retainer, performance-based, consulting, and development fees. Entrance Into Artificial Intelligence and Big Data Market Artificial intelligence has become one of the biggest themes through the first half of 2023, as more businesses adopt innovative artificial intelligence (AI) programmes into their operations. According to Statista, the global market for AI is currently valued at over $100 billion and is estimated to grow 20x by 2030 to nearly $2 trillion. This represents a massive opportunity for companies that begin staking their claim in the high-growth industry right now. VCI Global Limited is strategically positioning itself in the global AI and big data market. The company has announced its intention to form an exclusive collaboration with Fusionex Group, providing AI and big data consulting services primarily to the Southeast Asian market, yet also exploring opportunities worldwide. With the Asia Pacific region projected to experience a compound annual growth rate of 35%-40% from 2022 to 2030, VCI Global aims to exploit this potential by harnessing Fusionex’s award-winning Analytics GIANT solution. This initiative will enable the company to offer valuable strategic advice to its clients, based on Fusionex’s extensive expertise in analytics, big data, machine learning, and AI. In addition, VCI Global has expanded its technological offerings through a unique partnership with German software company, Cogia GmbH. The company has been appointed as the exclusive Southeast Asian distributor and non-exclusive distributor for other regions for Cogia’s AI-based communication application, “Socializer Messenger”. This military-grade messaging tool, incorporating privacy, security, business, and administrative features, is expected to revolutionize communication practices. In return, VCI Global will receive a percentage of the revenue from the sales of the messenger. This partnership, set to last initially for two years with an automatic renewal for an additional year, is predicted to generate a new stream of revenue for VCI Global and increase its market value. With these strategic partnerships and an aggressive expansion into AI and big data, VCI Global is primed for substantial growth in the technological industry. On June 26th, VCI Global increased its commitment to AI and big data after announcing a proposal to acquire a 51% stake in Cogia GmbH from Cogia AG for $5 million. The acquisition would also provide access to Cogia GmbH’s vast customer portfolio, which features major companies like Volkswagen, BMW, Lufthansa, IPSOS, government agencies and more. “We at VCI Global feels that AI is the way of the future. This proposed acquisition will further entrench VCI Global’s footprint on global AI related industries and services with the offering of unprecedented AI-enhanced technologies and consultancy services. We also considered Cogia as an ideal partner given the exceptional business opportunities and synergies, fuelled by our common visions. The strong positive feedbacks from capital markets merely endorse our decision to expedite this partnership now through a merger. This merger represents a pivotal moment, propelling us to greater heights,” stated Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. Other Recent News June 13th: VCI Global Limited announced that its subsidiary, V Capital Consulting Limited (VCCL), has been appointed as the initial public offering (IPO) consultant for Sagtec Group Sdn Bhd, in line with Sagtec’s proposed listing on the NASDAQ stock exchange. As part of the IPO advisory mandate, VCCL is set to receive a $2 million advisory fee and a success fee equivalent to 5% of Sagtec’s market capitalization post-listing. The consultancy’s responsibilities will include reviewing and assisting with Sagtec’s capital structure reorganization, establishing capital market strategies, responding to queries from regulatory bodies, and assisting with requisite regulatory approvals. June 6th: VCI Global Limited has announced its first single-tier interim dividend of $0.01 per ordinary share, set to be paid out on July 31, 2023, to shareholders recorded by the close of business on July 3, 2023, with the ex-date being June 30, 2023. This move signifies the company’s commitment to rewarding its shareholders for their consistent support. Additionally, VCI Global has revised its dividend policy, indicating that dividends will be paid regularly at the end of each fiscal year, with the possibility of intermittent interim dividends. June 1st: VCI Global Limited’s subsidiary, V Capital Real Estate, has been hired as a consultant for Tinta Anggun Engineering Sdn Bhd’s mixed development project, Porto De Melaka. This project includes residential and commercial units on a 9.91-acre plot next to the Melaka River mouth, near the renowned Jonker Walk within the UNESCO Heritage Site of Melaka, Malaysia. V Capital Real Estate will aid in the project’s development and execution strategies, advise on capital structures of equity and debt, and provide financial analysis and project evaluation. The Porto De Melaka project, valued at around $130 million, encompasses a hotel, a block of serviced suites, and four blocks of serviced apartments. V Capital Real Estate’s consultancy work will focus on three of the serviced apartment blocks and the hotel, accounting for approximately $87 million of the total value. The consultancy fee will be 20% of the revenue generated from these components over the consultancy’s five-year term. Tinta Anggun anticipates high demand and occupancy rates for the development due to the location’s attractiveness and Melaka’s higher-than-average household income. May 30th: VCI Global Limited has been engaged by Horizon Globex GmbH and its affiliates to provide advisory services, as formalized in a marketing and referral agreement. As part of its role, VCI Global will introduce and refer entities, including non-fungible token (NFT) clients, to Upstream, a fully regulated global stock exchange for digital securities and NFTs. The platform allows entities to dual list their shares, adding to the traditional advisory services VCI Global provides, including capital markets, exchange listings, client acquisitions, and opportunity evaluation. VCI Global has also been granted territorial exclusivity by Horizon Globex GmbH for Malaysia, Singapore, and Indonesia for six months from the agreement’s date. May 30th: VCI Global Limited has announced its expansion into the digital asset market with a $1.5 million investment in GlobexUS Holdings Corp, the technology partner of Upstream Exchange. Upstream, a regulated exchange and trading app for digital securities allows for dual listing of U.S. and global securities on its platform. VCI Global has also partnered with Upstream through a marketing and referral agreement, gaining territorial exclusivity for Malaysia, Singapore, and Indonesia. Under this arrangement, the company will refer entities wishing to list or dual list on Upstream, with its first issuer client already considering participation. May 29th: VCI Global Limited’s subsidiary, V Capital Consulting Limited (VCCL), has been appointed as the consultant for HWGG Entertainment Limited’s upcoming listing on the NASDAQ stock exchange. HWGG, a leading entertainment service provider in Southeast Asia, is currently traded on the NASDAQ’s OTC market. The advisory mandate for this consultancy includes a $1.6 million advisory fee and a success fee equivalent to 5% of HWGG’s market capitalization post-listing. Conclusion VCI Global has seen a transformative journey from its inception in 2013 as a consulting group specializing in capital markets to an influential player in the technology consultancy sector, now listed on NASDAQ under the ticker VCIG. This Malaysia-based firm has leveraged its multifaceted consulting practices to provide a wide range of services, extending from IPO advisory to the creation of modern SaaS solutions, business automation, and scaling. With the recent foray into AI and big data markets via strategic alliances with Fusionex Group and Cogia GmbH, VCI Global is further cementing its position in the tech industry while exploring new revenue avenues. Key recent events illustrate VCI Global’s dynamic approach to market growth and client satisfaction. These include its subsidiary V Capital Consulting Limited’s appointments as an IPO consultant for various companies and its involvement in key development projects. Notably, its investment in GlobexUS Holdings Corp and a marketing and referral agreement with Upstream Exchange represent significant strides toward the digital asset market. The commitment to rewarding shareholders, demonstrated by the recent dividend announcement, reflects the company’s robust financial health and appreciation for consistent shareholder support. Looking ahead, VCI Global is well-positioned to capitalize on emerging opportunities in the evolving global markets, while its technological solutions continue to address real-world problems, contributing to societal advancement. As it expands its footprint further into the technology consultancy space, VCI Global’s journey appears to be just beginning, promising exciting times ahead for its stakeholders. Disclaimer: Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement. All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated one thousand dollars cash for the creation and dissemination of this content by the company. This material does not represent a solicitation to buy or sell any securities. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management. The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings. Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions. Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/ The post Introducing VCI Global (NASDAQ: VCIG): A Journey from Capital Markets to Technology Consultancy appeared first on Spotlight Growth. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Introducing VCI Global (NASDAQ: VCIG): A Journey from Capital Markets to Technology Consultancy By: Spotlight Growth June 28, 2023 at 08:30 AM EDT In an era where technology permeates every facet of our lives, organizations that champion digital transformation not only survive but thrive. One such thriving entity is VCI Global Limited (NASDAQ: VCIG), a multi-disciplinary consulting group with a humble origin in capital markets consultancy that has remarkably ventured into the cutting-edge realm of technology consultancy. Emerging from Kuala Lumpur, Malaysia, and making its mark on the NASDAQ, VCI Global has undertaken an inspiring journey that epitomizes business agility and innovation. This article unravels VCI Global’s exciting progression, its key offerings, strategic partnerships, recent accomplishments, and how this powerhouse is reshaping the consulting landscape. A Brief Overview of VCI Global VCI Global is a multi-disciplinary consulting group with its headquarters in Kuala Lumpur, Malaysia. Founded in 2013, the company has made significant strides in the consulting industry, particularly in the capital markets and technology sectors. VCI Global’s mission is to help its clients achieve their business objectives by providing innovative and best-in-class consulting solutions and services. The company’s core advisory practices span various areas, including business consultancy, technology consultancy, IPO advisory, Investor Relations (IR) and Public Relations (PR) initiatives, Mergers & Acquisitions (M&A) advisory, and post-IPO boardroom strategies. VCI Global’s Expansion into Technology Consultancy VCI Global has successfully expanded its services from capital markets consultancy to technology consultancy. The company’s technology consultancy services are designed to provide strategic advisory on clients’ technology requirements and develop modern software to assist clients with business automation and scaling. One of the key offerings in this area is the development of Software as a Service (SaaS) solutions. VCI Global also builds proprietary fintech software to suit client’s needs and integrates innovative solutions into business processes to increase efficiency. In addition, VCI Global has made a significant contribution to the tech industry by developing Malaysia’s first law enforcement education software system. This achievement underscores the company’s commitment to leveraging technology to solve real-world problems. VCI Global’s Methodologies VCI Global’s approach to both business and technology consultancy is methodical and client-centric. The process begins with a thorough analysis and assessment of the client’s problem, requirements, and business goals. This includes an assessment of the business’s current situation, including financial, legal, and IT infrastructure aspects. Following the initial assessment, VCI Global conducts an in-depth diagnosis and strategizes a plan with strategic recommendations. Once the plan is approved, an internal and external professional team is engaged to execute the plan with integrity and professionalism. The company’s fee arrangement is flexible and depends on the client’s needs, including options for retainer, performance-based, consulting, and development fees. Entrance Into Artificial Intelligence and Big Data Market Artificial intelligence has become one of the biggest themes through the first half of 2023, as more businesses adopt innovative artificial intelligence (AI) programmes into their operations. According to Statista, the global market for AI is currently valued at over $100 billion and is estimated to grow 20x by 2030 to nearly $2 trillion. This represents a massive opportunity for companies that begin staking their claim in the high-growth industry right now. VCI Global Limited is strategically positioning itself in the global AI and big data market. The company has announced its intention to form an exclusive collaboration with Fusionex Group, providing AI and big data consulting services primarily to the Southeast Asian market, yet also exploring opportunities worldwide. With the Asia Pacific region projected to experience a compound annual growth rate of 35%-40% from 2022 to 2030, VCI Global aims to exploit this potential by harnessing Fusionex’s award-winning Analytics GIANT solution. This initiative will enable the company to offer valuable strategic advice to its clients, based on Fusionex’s extensive expertise in analytics, big data, machine learning, and AI. In addition, VCI Global has expanded its technological offerings through a unique partnership with German software company, Cogia GmbH. The company has been appointed as the exclusive Southeast Asian distributor and non-exclusive distributor for other regions for Cogia’s AI-based communication application, “Socializer Messenger”. This military-grade messaging tool, incorporating privacy, security, business, and administrative features, is expected to revolutionize communication practices. In return, VCI Global will receive a percentage of the revenue from the sales of the messenger. This partnership, set to last initially for two years with an automatic renewal for an additional year, is predicted to generate a new stream of revenue for VCI Global and increase its market value. With these strategic partnerships and an aggressive expansion into AI and big data, VCI Global is primed for substantial growth in the technological industry. On June 26th, VCI Global increased its commitment to AI and big data after announcing a proposal to acquire a 51% stake in Cogia GmbH from Cogia AG for $5 million. The acquisition would also provide access to Cogia GmbH’s vast customer portfolio, which features major companies like Volkswagen, BMW, Lufthansa, IPSOS, government agencies and more. “We at VCI Global feels that AI is the way of the future. This proposed acquisition will further entrench VCI Global’s footprint on global AI related industries and services with the offering of unprecedented AI-enhanced technologies and consultancy services. We also considered Cogia as an ideal partner given the exceptional business opportunities and synergies, fuelled by our common visions. The strong positive feedbacks from capital markets merely endorse our decision to expedite this partnership now through a merger. This merger represents a pivotal moment, propelling us to greater heights,” stated Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. Other Recent News June 13th: VCI Global Limited announced that its subsidiary, V Capital Consulting Limited (VCCL), has been appointed as the initial public offering (IPO) consultant for Sagtec Group Sdn Bhd, in line with Sagtec’s proposed listing on the NASDAQ stock exchange. As part of the IPO advisory mandate, VCCL is set to receive a $2 million advisory fee and a success fee equivalent to 5% of Sagtec’s market capitalization post-listing. The consultancy’s responsibilities will include reviewing and assisting with Sagtec’s capital structure reorganization, establishing capital market strategies, responding to queries from regulatory bodies, and assisting with requisite regulatory approvals. June 6th: VCI Global Limited has announced its first single-tier interim dividend of $0.01 per ordinary share, set to be paid out on July 31, 2023, to shareholders recorded by the close of business on July 3, 2023, with the ex-date being June 30, 2023. This move signifies the company’s commitment to rewarding its shareholders for their consistent support. Additionally, VCI Global has revised its dividend policy, indicating that dividends will be paid regularly at the end of each fiscal year, with the possibility of intermittent interim dividends. June 1st: VCI Global Limited’s subsidiary, V Capital Real Estate, has been hired as a consultant for Tinta Anggun Engineering Sdn Bhd’s mixed development project, Porto De Melaka. This project includes residential and commercial units on a 9.91-acre plot next to the Melaka River mouth, near the renowned Jonker Walk within the UNESCO Heritage Site of Melaka, Malaysia. V Capital Real Estate will aid in the project’s development and execution strategies, advise on capital structures of equity and debt, and provide financial analysis and project evaluation. The Porto De Melaka project, valued at around $130 million, encompasses a hotel, a block of serviced suites, and four blocks of serviced apartments. V Capital Real Estate’s consultancy work will focus on three of the serviced apartment blocks and the hotel, accounting for approximately $87 million of the total value. The consultancy fee will be 20% of the revenue generated from these components over the consultancy’s five-year term. Tinta Anggun anticipates high demand and occupancy rates for the development due to the location’s attractiveness and Melaka’s higher-than-average household income. May 30th: VCI Global Limited has been engaged by Horizon Globex GmbH and its affiliates to provide advisory services, as formalized in a marketing and referral agreement. As part of its role, VCI Global will introduce and refer entities, including non-fungible token (NFT) clients, to Upstream, a fully regulated global stock exchange for digital securities and NFTs. The platform allows entities to dual list their shares, adding to the traditional advisory services VCI Global provides, including capital markets, exchange listings, client acquisitions, and opportunity evaluation. VCI Global has also been granted territorial exclusivity by Horizon Globex GmbH for Malaysia, Singapore, and Indonesia for six months from the agreement’s date. May 30th: VCI Global Limited has announced its expansion into the digital asset market with a $1.5 million investment in GlobexUS Holdings Corp, the technology partner of Upstream Exchange. Upstream, a regulated exchange and trading app for digital securities allows for dual listing of U.S. and global securities on its platform. VCI Global has also partnered with Upstream through a marketing and referral agreement, gaining territorial exclusivity for Malaysia, Singapore, and Indonesia. Under this arrangement, the company will refer entities wishing to list or dual list on Upstream, with its first issuer client already considering participation. May 29th: VCI Global Limited’s subsidiary, V Capital Consulting Limited (VCCL), has been appointed as the consultant for HWGG Entertainment Limited’s upcoming listing on the NASDAQ stock exchange. HWGG, a leading entertainment service provider in Southeast Asia, is currently traded on the NASDAQ’s OTC market. The advisory mandate for this consultancy includes a $1.6 million advisory fee and a success fee equivalent to 5% of HWGG’s market capitalization post-listing. Conclusion VCI Global has seen a transformative journey from its inception in 2013 as a consulting group specializing in capital markets to an influential player in the technology consultancy sector, now listed on NASDAQ under the ticker VCIG. This Malaysia-based firm has leveraged its multifaceted consulting practices to provide a wide range of services, extending from IPO advisory to the creation of modern SaaS solutions, business automation, and scaling. With the recent foray into AI and big data markets via strategic alliances with Fusionex Group and Cogia GmbH, VCI Global is further cementing its position in the tech industry while exploring new revenue avenues. Key recent events illustrate VCI Global’s dynamic approach to market growth and client satisfaction. These include its subsidiary V Capital Consulting Limited’s appointments as an IPO consultant for various companies and its involvement in key development projects. Notably, its investment in GlobexUS Holdings Corp and a marketing and referral agreement with Upstream Exchange represent significant strides toward the digital asset market. The commitment to rewarding shareholders, demonstrated by the recent dividend announcement, reflects the company’s robust financial health and appreciation for consistent shareholder support. Looking ahead, VCI Global is well-positioned to capitalize on emerging opportunities in the evolving global markets, while its technological solutions continue to address real-world problems, contributing to societal advancement. As it expands its footprint further into the technology consultancy space, VCI Global’s journey appears to be just beginning, promising exciting times ahead for its stakeholders. Disclaimer: Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement. All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated one thousand dollars cash for the creation and dissemination of this content by the company. This material does not represent a solicitation to buy or sell any securities. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management. The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings. Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions. Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/ The post Introducing VCI Global (NASDAQ: VCIG): A Journey from Capital Markets to Technology Consultancy appeared first on Spotlight Growth.
In an era where technology permeates every facet of our lives, organizations that champion digital transformation not only survive but thrive. One such thriving entity is VCI Global Limited (NASDAQ: VCIG), a multi-disciplinary consulting group with a humble origin in capital markets consultancy that has remarkably ventured into the cutting-edge realm of technology consultancy. Emerging from Kuala Lumpur, Malaysia, and making its mark on the NASDAQ, VCI Global has undertaken an inspiring journey that epitomizes business agility and innovation. This article unravels VCI Global’s exciting progression, its key offerings, strategic partnerships, recent accomplishments, and how this powerhouse is reshaping the consulting landscape. A Brief Overview of VCI Global VCI Global is a multi-disciplinary consulting group with its headquarters in Kuala Lumpur, Malaysia. Founded in 2013, the company has made significant strides in the consulting industry, particularly in the capital markets and technology sectors. VCI Global’s mission is to help its clients achieve their business objectives by providing innovative and best-in-class consulting solutions and services. The company’s core advisory practices span various areas, including business consultancy, technology consultancy, IPO advisory, Investor Relations (IR) and Public Relations (PR) initiatives, Mergers & Acquisitions (M&A) advisory, and post-IPO boardroom strategies. VCI Global’s Expansion into Technology Consultancy VCI Global has successfully expanded its services from capital markets consultancy to technology consultancy. The company’s technology consultancy services are designed to provide strategic advisory on clients’ technology requirements and develop modern software to assist clients with business automation and scaling. One of the key offerings in this area is the development of Software as a Service (SaaS) solutions. VCI Global also builds proprietary fintech software to suit client’s needs and integrates innovative solutions into business processes to increase efficiency. In addition, VCI Global has made a significant contribution to the tech industry by developing Malaysia’s first law enforcement education software system. This achievement underscores the company’s commitment to leveraging technology to solve real-world problems. VCI Global’s Methodologies VCI Global’s approach to both business and technology consultancy is methodical and client-centric. The process begins with a thorough analysis and assessment of the client’s problem, requirements, and business goals. This includes an assessment of the business’s current situation, including financial, legal, and IT infrastructure aspects. Following the initial assessment, VCI Global conducts an in-depth diagnosis and strategizes a plan with strategic recommendations. Once the plan is approved, an internal and external professional team is engaged to execute the plan with integrity and professionalism. The company’s fee arrangement is flexible and depends on the client’s needs, including options for retainer, performance-based, consulting, and development fees. Entrance Into Artificial Intelligence and Big Data Market Artificial intelligence has become one of the biggest themes through the first half of 2023, as more businesses adopt innovative artificial intelligence (AI) programmes into their operations. According to Statista, the global market for AI is currently valued at over $100 billion and is estimated to grow 20x by 2030 to nearly $2 trillion. This represents a massive opportunity for companies that begin staking their claim in the high-growth industry right now. VCI Global Limited is strategically positioning itself in the global AI and big data market. The company has announced its intention to form an exclusive collaboration with Fusionex Group, providing AI and big data consulting services primarily to the Southeast Asian market, yet also exploring opportunities worldwide. With the Asia Pacific region projected to experience a compound annual growth rate of 35%-40% from 2022 to 2030, VCI Global aims to exploit this potential by harnessing Fusionex’s award-winning Analytics GIANT solution. This initiative will enable the company to offer valuable strategic advice to its clients, based on Fusionex’s extensive expertise in analytics, big data, machine learning, and AI. In addition, VCI Global has expanded its technological offerings through a unique partnership with German software company, Cogia GmbH. The company has been appointed as the exclusive Southeast Asian distributor and non-exclusive distributor for other regions for Cogia’s AI-based communication application, “Socializer Messenger”. This military-grade messaging tool, incorporating privacy, security, business, and administrative features, is expected to revolutionize communication practices. In return, VCI Global will receive a percentage of the revenue from the sales of the messenger. This partnership, set to last initially for two years with an automatic renewal for an additional year, is predicted to generate a new stream of revenue for VCI Global and increase its market value. With these strategic partnerships and an aggressive expansion into AI and big data, VCI Global is primed for substantial growth in the technological industry. On June 26th, VCI Global increased its commitment to AI and big data after announcing a proposal to acquire a 51% stake in Cogia GmbH from Cogia AG for $5 million. The acquisition would also provide access to Cogia GmbH’s vast customer portfolio, which features major companies like Volkswagen, BMW, Lufthansa, IPSOS, government agencies and more. “We at VCI Global feels that AI is the way of the future. This proposed acquisition will further entrench VCI Global’s footprint on global AI related industries and services with the offering of unprecedented AI-enhanced technologies and consultancy services. We also considered Cogia as an ideal partner given the exceptional business opportunities and synergies, fuelled by our common visions. The strong positive feedbacks from capital markets merely endorse our decision to expedite this partnership now through a merger. This merger represents a pivotal moment, propelling us to greater heights,” stated Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. Other Recent News June 13th: VCI Global Limited announced that its subsidiary, V Capital Consulting Limited (VCCL), has been appointed as the initial public offering (IPO) consultant for Sagtec Group Sdn Bhd, in line with Sagtec’s proposed listing on the NASDAQ stock exchange. As part of the IPO advisory mandate, VCCL is set to receive a $2 million advisory fee and a success fee equivalent to 5% of Sagtec’s market capitalization post-listing. The consultancy’s responsibilities will include reviewing and assisting with Sagtec’s capital structure reorganization, establishing capital market strategies, responding to queries from regulatory bodies, and assisting with requisite regulatory approvals. June 6th: VCI Global Limited has announced its first single-tier interim dividend of $0.01 per ordinary share, set to be paid out on July 31, 2023, to shareholders recorded by the close of business on July 3, 2023, with the ex-date being June 30, 2023. This move signifies the company’s commitment to rewarding its shareholders for their consistent support. Additionally, VCI Global has revised its dividend policy, indicating that dividends will be paid regularly at the end of each fiscal year, with the possibility of intermittent interim dividends. June 1st: VCI Global Limited’s subsidiary, V Capital Real Estate, has been hired as a consultant for Tinta Anggun Engineering Sdn Bhd’s mixed development project, Porto De Melaka. This project includes residential and commercial units on a 9.91-acre plot next to the Melaka River mouth, near the renowned Jonker Walk within the UNESCO Heritage Site of Melaka, Malaysia. V Capital Real Estate will aid in the project’s development and execution strategies, advise on capital structures of equity and debt, and provide financial analysis and project evaluation. The Porto De Melaka project, valued at around $130 million, encompasses a hotel, a block of serviced suites, and four blocks of serviced apartments. V Capital Real Estate’s consultancy work will focus on three of the serviced apartment blocks and the hotel, accounting for approximately $87 million of the total value. The consultancy fee will be 20% of the revenue generated from these components over the consultancy’s five-year term. Tinta Anggun anticipates high demand and occupancy rates for the development due to the location’s attractiveness and Melaka’s higher-than-average household income. May 30th: VCI Global Limited has been engaged by Horizon Globex GmbH and its affiliates to provide advisory services, as formalized in a marketing and referral agreement. As part of its role, VCI Global will introduce and refer entities, including non-fungible token (NFT) clients, to Upstream, a fully regulated global stock exchange for digital securities and NFTs. The platform allows entities to dual list their shares, adding to the traditional advisory services VCI Global provides, including capital markets, exchange listings, client acquisitions, and opportunity evaluation. VCI Global has also been granted territorial exclusivity by Horizon Globex GmbH for Malaysia, Singapore, and Indonesia for six months from the agreement’s date. May 30th: VCI Global Limited has announced its expansion into the digital asset market with a $1.5 million investment in GlobexUS Holdings Corp, the technology partner of Upstream Exchange. Upstream, a regulated exchange and trading app for digital securities allows for dual listing of U.S. and global securities on its platform. VCI Global has also partnered with Upstream through a marketing and referral agreement, gaining territorial exclusivity for Malaysia, Singapore, and Indonesia. Under this arrangement, the company will refer entities wishing to list or dual list on Upstream, with its first issuer client already considering participation. May 29th: VCI Global Limited’s subsidiary, V Capital Consulting Limited (VCCL), has been appointed as the consultant for HWGG Entertainment Limited’s upcoming listing on the NASDAQ stock exchange. HWGG, a leading entertainment service provider in Southeast Asia, is currently traded on the NASDAQ’s OTC market. The advisory mandate for this consultancy includes a $1.6 million advisory fee and a success fee equivalent to 5% of HWGG’s market capitalization post-listing. Conclusion VCI Global has seen a transformative journey from its inception in 2013 as a consulting group specializing in capital markets to an influential player in the technology consultancy sector, now listed on NASDAQ under the ticker VCIG. This Malaysia-based firm has leveraged its multifaceted consulting practices to provide a wide range of services, extending from IPO advisory to the creation of modern SaaS solutions, business automation, and scaling. With the recent foray into AI and big data markets via strategic alliances with Fusionex Group and Cogia GmbH, VCI Global is further cementing its position in the tech industry while exploring new revenue avenues. Key recent events illustrate VCI Global’s dynamic approach to market growth and client satisfaction. These include its subsidiary V Capital Consulting Limited’s appointments as an IPO consultant for various companies and its involvement in key development projects. Notably, its investment in GlobexUS Holdings Corp and a marketing and referral agreement with Upstream Exchange represent significant strides toward the digital asset market. The commitment to rewarding shareholders, demonstrated by the recent dividend announcement, reflects the company’s robust financial health and appreciation for consistent shareholder support. Looking ahead, VCI Global is well-positioned to capitalize on emerging opportunities in the evolving global markets, while its technological solutions continue to address real-world problems, contributing to societal advancement. As it expands its footprint further into the technology consultancy space, VCI Global’s journey appears to be just beginning, promising exciting times ahead for its stakeholders. Disclaimer: Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement. 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