VCI Global shares are trading higher after its subsidiary, V Gallant Sdn Bhd, was awarded a $16 million contract to develop an AI digital live streaming platform for a Malaysian e-commerce company.
Portfolio Pulse from Benzinga Newsdesk
VCI Global's shares are rising following the announcement that its subsidiary, V Gallant Sdn Bhd, secured a $16 million contract to create an AI digital live streaming platform for a Malaysian e-commerce company.
October 29, 2024 | 12:35 pm
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VCI Global's stock is experiencing an upward trend due to its subsidiary's $16 million contract win for developing an AI digital live streaming platform.
The $16 million contract is a significant win for VCI Global's subsidiary, indicating potential revenue growth and increased market presence in AI and e-commerce sectors. This positive development is likely to boost investor confidence and drive the stock price up in the short term.
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