tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

VCI Global approves spin-off of V Capital Consulting Group at $168M valuation

VCI Global (VCIG) announced that it has approved the spin-off of its capital markets advisory subsidiary, V Capital Consulting Group, at a valuation of $168M. Following the listing, VCI Global will retain a 30% equity interest in VCCG, supporting the company’s transition toward a more focused, technology-driven business model and a strengthened balance sheet. The transaction marks the first execution of VCI Global’s newly introduced dual-track IPO strategy, an initiative designed to unlock subsidiary value, improve capital efficiency, and create clearer operating verticals aligned with long-term growth priorities.

Claim 50% Off TipRanks Premium and Invest with Confidence

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1