VCI Global shares are trading higher after the company announced its financial technology arm, Accuventures Sdn Bhd, will be acquiring EVOLET.
Portfolio Pulse from Benzinga Newsdesk
VCI Global's financial technology arm, Accuventures Sdn Bhd, is set to acquire EVOLET, causing VCI Global shares to trade higher.
December 14, 2023 | 5:52 pm
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VCI Global's stock is trading higher following the announcement of its subsidiary Accuventures Sdn Bhd acquiring EVOLET.
The acquisition of EVOLET by VCI Global's subsidiary is likely to be viewed positively by investors, as it could signal growth and expansion in the fintech sector for VCI Global. This strategic move is expected to generate optimism in the market, leading to a short-term increase in VCIG's stock price.
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