Latest news with #VCIG
Yahoo
08-07-2025
- Business
- Yahoo
VCI Global Enters Encryption Infrastructure Sector via QuantGold's Acquisition of Secure Encryption Storage Limited, Advancing Sovereign-Grade Cybersecurity for the AI Economy
Secure Encryption Storage holds 129 encryption parents and has deployed certified devices across more than 100 institutions in Asia—including leading telecom providers, financial institutions, airlines, and smartphone manufacturers KUALA LUMPUR, Malaysia, July 08, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) ('VCI Global' or the 'Company'), today announced that its portfolio company, QuantGold Data Group Limited ('QuantGold'), acquires Secure Encryption Storage Limited ('SES') — a leading encryption hardware company with 129 patents and institutional deployments across over 100 organizations in Asia. With this acquisition, VCIG is positioned to enter the encryption infrastructure sector, anchoring both commercial expansion and sovereign technology development. SES brings a track record of deployment across sensitive environments in Asia, including government agencies, telecom operators, leading financial institutions, aviation networks, and mobile device manufacturers. Its hardware is built on both symmetric and asymmetric cryptographic standards and designed for resilience against emerging quantum decryption threats. Select devices have achieved EAL4 certification, suitable for national cybersecurity use. VCIG gains exclusive rights to distribute SES's full product suite in certain regions of Southeast Asia, targeting institutional and enterprise clients across sectors such as telecommunications, finance, and national infrastructure. The portfolio includes military-grade encrypted storage systems with real-time backup, encrypted GPUaaS and AIaaS services, secure mobile communication devices, and advanced field-ready data intelligence hardware. Several of these technologies are already in use by over 100 institutional clients across the region. SES's encryption stack will become a core component of QuantGold's sovereign AI infrastructure—a platform enabling encrypted data processing across high-value sectors such as finance, healthcare, and critical infrastructure. By embedding encryption at the chip level, QuantGold ensures privacy-preserving compute, zero-trust architecture, and blockchain-based validation for regulatory compliance and cross-border protection. The global cybersecurity market is projected to exceed US$425 billion by 2030, driven by the exponential rise in digital threats and regulatory mandates. Simultaneously, the AI data monetization sector is expected to surpass US$400 billion by 2035, fueled by enterprise adoption of AI models requiring secure, high-quality data access. Through this acquisition and platform integration, VCIG and QuantGold are strategically positioned to serve both megatrends—by delivering encryption at the hardware layer and monetization at the compute layer. 'Our commitment is clear: VCIG is here to build the trusted foundation for sovereign AI. We are not just reacting to cybersecurity threats—we are investing to eliminate them at their root. From encryption chipsets to national data vaults, our technology stack is designed to protect the digital integrity of governments, institutions, and the people they serve,' said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global, and Chief Executive Officer of QuantGold. About QuantGold Data Platform QuantGold is a sovereign-grade encrypted data platform purpose-built to enable secure, compliant, and privacy-preserving data monetization at scale. Leveraging a proprietary portfolio of over 120 encryption patents, QuantGold integrates military-grade hardware security, GPU-accelerated infrastructure, and blockchain-backed auditability to empower institutions to extract actionable insights from sensitive data—without compromising data sovereignty or confidentiality. QuantGold supports a pay-per-compute model designed to unlock value from sensitive data assets while maintaining full data sovereignty and regulatory compliance. Its initial market focus includes Malaysia, Singapore, and Hong Kong, with planned applications across healthcare, financial services, public sector analytics, and AI research and development. 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 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. CONTACT INFORMATION:For media queries, please contact:VCI GLOBAL LIMITEDenquiries@
Yahoo
07-07-2025
- Business
- Yahoo
VCIG Appoints Alex Chua as Executive Director and CEO of Singapore Office, Following Redesignation from Independent Director
Leadership Strengthening Advances VCIG's Singapore Expansion Strategy 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 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. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITEDenquiries@ in to access your portfolio
Globe and Mail
04-06-2025
- Business
- Globe and Mail
Micro Cap Sees Lagged Positive Impact From After-Market Announcement
A micro cap in the corporate services space is already stealing the show on Wednesday following the company's announcement of its financial guidance for fiscal year ending December 31,2025 after market close yesterday. The company went on to say that it expects 41% year-over-year revenue growth and a 30% jump in net profit for 2025. It also confirmed its plans to list its capital market consulting arm, V Capital Consulting Group, via an initial public offering in Q3. Traders wasted no time scooping up shares of VCI Global Limited (Nasdaq:VCIG) during Wednesday's premarket hours, with shares of the micro cap current bid up at $4.27/share (+38.64% implied open for sellers) at the time of writing. It should be an exciting session for this stock! VCI Global Ltd is a holding company. The principal activities of the Company and its subsidiaries are the provision of business strategy consultancy and technology development solution consultancy. The firm organized its consulting services into three main segments: Business Strategy Consultancy; Technology Consultancy; and Others. It derives the majority of its revenue from the Business Strategy Consultancy segment which focuses on listing solutions, investor relations, and boardroom strategies consultancy. It has established a diverse local and international clientele, providing them its services in both local and cross-border listings. Its role begins from pre-listing diagnosis and planning to the finalization of the entire listing process. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
