VCI Global Secures Additional US$30 Million Investment Commitment from Alumni Capital LP to Propel Its AI Cloud Computing Business Forward in Q2 2025
VCI Global Limited - Ordinary Share (VCIG)
Company Research
Source: GlobeNewswire
KUALA LUMPUR, Malaysia, Oct. 01, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI Global” or the “Company”) today announced a new investment commitment of US$30 million from Alumni Capital LP (“Alumni Capital”). Following an earlier investment of US$5 million from Alumni Capital, this additional US$30 million, in exchange for VCI Global common shares, will reinforce VCI Global’s strategic push into its AI cloud computing business, particularly for its planned developments in the second quarter of 2025. VCI Global retains the right, but is not obligated, to draw on this amount, providing the Company with the flexibility to access the funds as needed, while preserving the option to forgo the drawdown if other resources become available or conditions change. With an approved capital infusion of US$30 million, VC AI Limited (“VC.AI”), a new subsidiary of VCI Global, will be launching the AI Computing Center (AICC) in Malaysia. This computing center, e
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VCIG
News
- VCI Global Announces 1-for-49 Reverse Stock SplitGlobeNewswire
- VCI Global Wins Its First AI Contract Worth US$16 MillionGlobeNewswire
- VCI Global Completes Founder Group Limited’s IPO on Nasdaq, Records US$5.2 Million in RevenueGlobeNewswire
- VCI Global Appoints Victor Lee as Executive DirectorGlobeNewswire
- VCI Global Unleashes Enterprise AI Solutions with V-Gallant, Leveraging NVIDIA’s Computing InfrastructureGlobeNewswire
VCIG
Sec Filings
- 10/21/24 - Form 6-K
- 10/15/24 - Form EFFECT
- 10/15/24 - Form 424B3
- VCIG's page on the SEC website