VCI Global Secures Additional US$30 Million Investment Commitment from Alumni Capital LP to Propel Its AI Cloud Computing Business Forward in Q2 2025
01 Outubro 2024 - 6:01PM
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, equipped with 512 NVIDIA H200 Tensor Core GPUs,
is estimated to rank among the top 30 globally, enabling the
efficient processing of vast amounts of data at high
speeds—essential for generative AI and high-performance computing
applications.
“We are confident that this US$30 million
investment from Alumni Capital will significantly empower our
strategic growth in AI cloud computing. It enables us to establish
a world-class AICC in Malaysia, serving clients globally,
especially in Southeast Asia. We are fully committed to leveraging
these resources to foster innovation and advance the AI landscape,”
said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive
Officer of VCI Global.
About VCI Global Limited
VCI Global is a diversified holding company
headquartered in Kuala Lumpur, Malaysia. The Company operates
through five core businesses: Capital Market Consultancy, Fintech,
Real Estate, AI & Robotics, and Cybersecurity. In Capital
Market Consultancy, we provide IPO solutions, investor relations
(IR) and public relations (PR) consultancy, and M&A
consultancy. Our Fintech arm offers a proprietary financing
platform. In Real Estate, we offer specialized real estate
consultancy services. The AI business delivers GPU servers, GPU
cloud computing services, AI and large language model (LLM)
solutions, while the Robotics segment focuses on post-harvest
robotics systems. Our Cybersecurity segment provides comprehensive
cybersecurity consultancy services and solutions. Committed to
fostering innovation and delivering exceptional value, VCI Global
has established a strong presence across the Asia-Pacific region,
the United States, Europe, and the Middle East, driving growth and
transformation on a global scale.
For more information on the Company, please log on to
https://v-capital.co/.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking
statements that are subject to various risks and uncertainties.
Such statements include statements regarding the Company’s ability
to grow its business and other statements that are not historical
facts, including statements which may be accompanied by the words
“intends,” “may,” “will,” “plans,” “expects,” “anticipates,”
“projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,”
“potential” or similar words. These forward-looking statements are
based only on our current beliefs, expectations, and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks, and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Therefore, you should not rely on
any of these forward-looking statements. Actual results could
differ materially from those described in these forward-looking
statements due to certain factors, including without limitation,
the Company’s ability to achieve profitable operations, customer
acceptance of new products, the effects of the spread of
coronavirus (COVID-19) and future measures taken by authorities in
the countries wherein the Company has supply chain partners, the
demand for the Company’s products and the Company’s customers’
economic condition, the impact of competitive products and pricing,
successfully managing and, general economic conditions and other
risk factors detailed in the Company’s filings with the United
States Securities and Exchange Commission (“SEC”). The
forward-looking statements contained in this press release are made
as of the date of this press release, and the Company does not
undertake any responsibility to update the forward-looking
statements in this release, except in accordance with applicable
law.
CONTACT INFORMATION:
For media queries, please contact:
VCI Global Limitedenquiries@v-capital.co
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