VCI Global Provides Updates On Its AI Business; The Capital-Raising Round For The Ai Business Has Been Successfully Concluded, And Intends To Initiate A Previously Announced Share Repurchase Program In Q1 2025
Portfolio Pulse from Benzinga Newsdesk
VCI Global Limited (NASDAQ:VCIG) has successfully concluded a capital-raising round for its AI business and plans to initiate a share repurchase program in Q1 2025. The company is reorganizing its AI operations into four segments, including GPU servers and cloud computing, AI solutions, and cybersecurity.
September 10, 2024 | 12:02 pm
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VCI Global has completed a capital-raising round for its AI business and plans a share repurchase program in Q1 2025. The company is reorganizing its AI operations into four segments, including GPU servers and cloud computing, AI solutions, and cybersecurity.
The successful capital-raising and planned share repurchase program are positive indicators for VCIG's financial health and commitment to shareholder value. The reorganization into four AI segments suggests a strategic focus on growth in the AI sector.
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