VCIG Appoints Alex Chua as Executive Director and CEO of Singapore Office, Following Redesignation from Independent Director
KUALA LUMPUR, Malaysia, July 07, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) ('VCI Global' or the 'Company'), a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy, is pleased to announce the appointment of Mr. Alex S K Chua as Executive Director of VCIG and Chief Executive Officer of VCIG Singapore Office, effective July 7, 2025.
Mr. Chua has resigned from his role as Independent Director and has been redesignated as Executive Director of VCIG and CEO of VCIG's Singapore office. This appointment represents a key step in strengthening VCIG's leadership team and accelerating the company's ongoing growth strategy in Singapore and the broader Southeast Asian region. Mr. Chua will oversee the Singapore operations and lead efforts to deepen the Company's regional presence and partnerships.
Mr. Chua is a distinguished corporate finance executive and consultant with over 30 years of international finance and management experience. His career spans key global markets, including London, Beijing, Ho Chi Minh City, and Singapore, where he has held significant leadership roles. He currently serves as an Independent Non-Executive Director on the boards of three SGX-listed companies, and as a Non-Independent Non-Executive Director of another SGX-listed company, following his recent cessation as its Chief Financial Officer. Mr. Chua is also the Director of Lighthouse Business Consulting Pte. Ltd., a boutique business consulting firm he founded in 2017.
His professional credentials include Fellow Chartered Certified Accountant (FCCA), Certified Internal Auditor (CIA), Fellow Chartered Accountant of Singapore (FCA Singapore), Chartered Valuer and Appraiser (CVA), and Senior Accredited Director (SID-SRAD) with the Singapore Institute of Directors. He also holds a Master of Business Administration (MBA) and a Diploma of Imperial College (DIC) in Management from Imperial College London Business School, University of London. Mr. Chua is currently attending an AI and Business Technologies Programme at Nanyang Technological University, Singapore.
'We're proud to have Alex take on a broader leadership role at this important stage of our expansion. His proven expertise and leadership will be critical in driving our growth and strengthening our footprint in Singapore and across Southeast Asia,' said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
About VCI Global Limited
VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries.
For more information on the Company, please log on to https://v-capital.co/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential' or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission ('SEC'). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
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The Group will accelerate its expansion into new markets, expand its customer base and make every effort to explore new opportunities in the market. Internationally, the Group will increase exchanges and cooperation with international energy licensors, high-quality strategic clients and engineering service peers. The Group will firmly pursue high-quality development in high-end and front-end businesses, extend to the front end of the engineering services value chain, focus on consulting, FEED, detailed design, and procurement, with construction-end businesses as supplements, so as to enhance the technological content and efficiency of engineering services. The Group will continue to deepen its development in traditional advantageous markets such as the Middle East, Central Asia and North Africa, while increasing its efforts in exploring emerging markets. Building on the advantages in traditional refining and chemical products, the Group will expand into new energy business such as green hydrogen, blue ammonia, green ammonia and circular economy. Secondly, the Group will strengthen project management to promote the improvement of profitability. The Group will give full play to the advantages of an integrated whole industry chain, optimize the whole process of project management, and enhance the profitability of the entire chain of engineering construction. The Group will accelerate the promotion and application of research results such as design optimization and constructability, accelerate the application of advanced automation technology of 'replacing labor with machines', and promote the construction of low-cost centers in the Middle East. The Group will continue to improve its contract performance capabilities, strengthen the risks identification and management in the whole process of projects, and further improve the management of schedule, revenue and cost planning, as well as contract modification and process settlement. By deepening the construction of QHSE management system, the Group strives to promote the efficiency of the management system, thereby laying a solid foundation for safe, environmentally friendly and green development. Thirdly, the Group will adhere to an innovation-driven strategy and enhance the leading and driving role of research and development. The Group will leverage its advantages in the whole industry chain, technology, talents and capital to accelerate the deployment of technologies in new areas. Through strengthening open cooperation in scientific and technological innovation, effectively organizing the sourcing of technology with scientific research institutes and universities, the Group will accelerate the development of scientific and technological innovations and transformation and deepen technological cooperation with internationally renowned patent holders and engineering companies. The Group will accelerate the deployment of AI intelligent design, actively utilize digital technologies to upgrade traditional industries while deploying its resources in future industries. The marketing and promotion of the Group's technologies will be further strengthened, so as to continuously enhance the reputation and influence of the Group's technologies. Summary of Financial Data and Indicators Prepared in Accordance with International Financial Reporting Standards ('IFRS') ~ End ~ This press release is issued by PRChina Limited on behalf of SINOPEC Engineering (Group) Co., Ltd. About SINOPEC Engineering (Group) Co., Ltd. The Group is a leading energy and chemical engineering company in the PRC with strong international competitiveness and can provide domestic and overseas clients with overall solutions for petrol refining, petrochemicals, aromatics, coal chemicals, inorganic chemicals, pharmaceutical chemicals, clean energy, storage and transportation facilities, environmental protection and energy saving, among other industry sectors. The Group is an integrated service provider for the whole industry chain and the whole life cycle in energy and chemical industry and can provide overall industry chain services including engineering consulting, technology licensing, project management contracting, financing assistance, EPC (engineering, procurement and construction) contracting, as well as design, procurement, construction and installation, lifting and transportation of large equipment, precommissioning and start-up. After nearly 70 years of continuous development, the Group currently has an academician of the Chinese Academy of Sciences, three academicians of the Chinese Academy of Engineering and more than10,000 professionals. The Group has rich project management and implementation experience, and owns and cooperatively owns patents and know-how in core business areas. The Group has delivered on schedule hundreds of modern factories with enormous investment, complicated process, advanced technology and high quality to clients in more than 20 countries and regions around the world, established long-term and steady cooperative relationships with large energy and chemical enterprises at home and abroad, maintained an extensive and stable client base, and enjoys remarkable industrial influence and social reputation. In the future, adhering to the development orientation of 'Integrated Service Provider with Whole Industry Chain and Whole Life Cycle in Energy and Chemical Industry', the Group will base itself on the energy and chemical engineering construction industry, continuously broaden its business scope and extend its value chain. The Group take 'Engineering Innovation' and 'Value Creation' as the development engines and deepen the implementation of the six development strategies of 'Value-Oriented, Innovation-Driven, Green & Clean, Talent-Based, Globalization-Targeted, Fusion & Symbiosis'. The Group comprehensively improve the level of safe, efficient, green and low carbon service in the business chain, and fuel a new momentum in achieving the corporate vision of 'building the world's leading technology-oriented engineering company'. Disclaimer This press release includes 'forward-looking statements'. All statements, other than statements of historical facts that address activities, events or developments that the Group expects or anticipates will or may occur in the future (including but not limited to projections, targets, other estimates and business plans) are forward-looking statements. The Group's actual results or developments may differ materially from those indicated by these forward-looking statements as a result of various factors and uncertainties, including but not limited to the price fluctuation, possible changes in actual demand, foreign exchange rate, market shares, competition, environmental risks, possible changes to laws, finance and regulations, conditions of the global economy and financial markets, political risks, possible delay of projects, government approval of projects, cost estimates and other factors beyond the Group's control. In addition, the Group makes the forward-looking statements referred to herein as of today and undertakes no obligation to update these statements. Investor and Media Enquiries: SINOPEC Engineering (Group) Co., Ltd. - Office of the Board Liu Jingjing / Zheng Zhexia Tel: (86) 10 5673 0523 / (86) 10 5673 0525 Email: [email protected] PRChina Limited David Shiu / Rachel Chen Tel: (852) 2522 1838 / (852) 2522 1368 Fax: (852) 2521 9955 Email: [email protected] File: [Press Release] SEG Announces 2025 Interim Results SOURCE: SINOPEC Engineering (Group) Co., Ltd. press release
