VCI Global to spin off non-core businesses, carve-out IPO of V Gallant

VCI Global (VCIG) announced a shift to being a provider of AI infrastructure, stablecoin payment solutions and digital asset advisory services across the ASEAN and MENA regions. As part of its long-term strategy, VCI Global is pursuing a dual approach. The company will spin off non-core businesses through separate IPOs, retaining a 30% stake in each entity. The businesses currently in the spin-off pipeline include the company’s capital markets consultancy arm, real estate division, energy unit and fintech operations. Concurrently, VCI Global is advancing a carve-out IPO of V Gallant, its wholly owned AI infrastructure subsidiary. In connection with this carve-out, the previously announced special dividend of 10% of V Gallant’s share capital will be distributed to VCIG shareholders, with the record date to be confirmed in due course, pending regulatory approvals. The company said, “VCI Global is reinforcing its position in the global stablecoin ecosystem through strategic alignment with Oobit and Tether, the world’s largest stablecoin issuer. The Company plans to integrate stablecoin payment solutions, build settlement rails, and deploy AI-driven compliance and analytics tools for institutions and enterprises. Priority deployment will focus on ASEAN and MENA, two high-growth regions for digital commerce, alternative payments, and AI-driven transformation. To support this expansion, VCI Global has established the Oobit Treasury to grow the Oobit ecosystem and its OOB token, with initiatives targeting merchant acceptance, settlement rails, and stablecoin conversions.”