VCI Global Declares Special Dividend of V Gallant Shares as Cybersecurity & AI Subsidiary Prepares for Nine-Figure Nasdaq IPO

Strategic Distribution Ahead of Value-Unlocking Carve-Out

KUALA LUMPUR, Malaysia, Nov. 17, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) today announced that its Board of Directors has approved a special dividend in the form of 10% of the share capital of its cybersecurity and AI subsidiary, V Gallant Limited (“V Gallant”), to be distributed on a pro rata basis to all VCIG shareholders.

The distribution is expected to broaden shareholder participation in V Gallant while reducing corporate concentration, thereby strengthening trading liquidity and enhancing long-term alignment across both entities. It marks the first step in VCI Global’s value-unlocking strategy as V Gallant progresses toward its planned Nasdaq carve-out IPO, which management estimates could fall within a nine-figure valuation range based on internal projections, audit preparations, and sector comparables.

Driving Shareholder Value Through Strategic Separation

• Secure AI & Data Privacy for enterprises and government
• AI Compute & AI Consulting
• Enterprise & Government Data Analytics-as-a-Service
• ISO Audit & Advisory
• Cybersecurity Consulting
  

“This special dividend allows our shareholders to directly benefit from V Gallant’s next chapter as it advances toward a Nasdaq listing. V Gallant is one of our fastest-scaling technology units, and this carve-out strategy is designed to crystallize value for VCIG shareholders while strengthening our leadership in cybersecurity and AI,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.

Dividend Mechanics and Expected Timeline

The special dividend, representing a 10% equity interest in V Gallant, will be distributed to all VCIG shareholders as of the upcoming record date, which will be announced upon completion of administrative procedures. The distribution will be processed through VCIG’s transfer agent, requiring no action from shareholders.

VCI Global expects to confirm the official record date within the next 7–14 days following final clearance from its advisors and transfer agent.

Positioning V Gallant for Its Planned Nasdaq Listing

As part of the carve-out roadmap, VCI Global is advancing through key preparatory milestones, including completing V Gallant’s audit and valuation review, appointing IPO advisors and underwriters, and forming the dedicated listing entity. The company has also initiated early-stage engagement with institutional and strategic investors.