VCI Global Makes Waves In The Luxe Resort Scene: Eyes Impiana Villas In Bali & Phuket
Portfolio Pulse from Lekha Gupta
VCI Global Ltd (NASDAQ:VCIG) has signed a letter of intent to acquire leasing rights of Impiana Private Villas in Bali and Phuket from Impiana Sdn Bhd. The company plans to redevelop and refurbish the properties through V Capital Real Estate. This move aligns with VCIG's strategy to expand in the Southeast Asia hospitality sector. VCIG recently reported H1 FY23 revenue growth of 108.0% Y/Y to $9.5 million due to higher demand across all business segments.
October 06, 2023 | 4:00 pm
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VCI Global Ltd's acquisition of leasing rights for Impiana Private Villas in Bali and Phuket could potentially boost its presence in the Southeast Asia hospitality sector. The company's recent H1 FY23 revenue growth also indicates a positive financial performance.
The acquisition of Impiana Private Villas could potentially expand VCIG's footprint in the Southeast Asia hospitality sector, which could lead to increased revenues in the future. Additionally, the company's recent H1 FY23 revenue growth indicates a strong financial performance, which could attract more investors and potentially drive the stock price up.
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