VCI Global (VCIG) announced progress on its strategic restructuring, including an agreement to dispose of its fintech subsidiary, Credilab, through a management buyout at an enterprise valuation of approximately $43.74M, representing 1.1 times net tangible assets. The transaction is being settled through a combination of cash and shares and is subject to customary closing conditions. Upon completion, VCI Global will retain a 30% equity interest in Credilab, enabling the company to participate in future value creation while removing the requirement for ongoing capital support.
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