VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) today announced that its Board of Directors has approved a special dividend in the form of 10% of the share capital of its cybersecurity and AI subsidiary, V Gallant Limited (“V Gallant”), to be distributed on a pro rata basis to all VCIG shareholders.
The distribution is expected to broaden shareholder participation in V Gallant while reducing corporate concentration, thereby strengthening trading liquidity and enhancing long-term alignment across both entities. It marks the first step in VCI Global’s value-unlocking strategy as V Gallant progresses toward its planned Nasdaq carve-out IPO, which management estimates could fall within a nine-figure valuation range based on internal projections, audit preparations, and sector comparables.
Driving Shareholder Value Through Strategic Separation
- Secure AI & Data Privacy for enterprises and government
- AI Compute & AI Consulting
- Enterprise & Government Data Analytics-as-a-Service
- ISO Audit & Advisory
- Cybersecurity Consulting
“This special dividend allows our shareholders to directly benefit from V Gallant’s next chapter as it advances toward a Nasdaq listing. V Gallant is one of our fastest-scaling technology units, and this carve-out strategy is designed to crystallize value for VCIG shareholders while strengthening our leadership in cybersecurity and AI,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
