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VCI Global Sells Credilab in $43.74 Million Management Buyout, Retains 30% Stake
VCI Global Ltd. has agreed to dispose of its fintech subsidiary, Credilab Sdn Bhd, through a management buyout that values the business at approximately US$43.74 million, representing 1.1 times net tangible assets. The deal will be settled with a combination of cash and shares. Following the transaction, VCI Global will retain a 30% equity interest in Credilab, allowing it to participate in future value creation while no longer providing ongoing capital support. This move is part of VCI Global’s strategy to focus on AI infrastructure, robotics, real-world assets, clean energy, automotive, and advanced mobility, as well as scaling its investee companies through capital markets expertise and AI innovation. The company expects the transaction to enhance its return on invested capital and streamline management focus on high-growth, AI-enabled platforms.Disclaimer: This news brief was created by Public Technologies using generative artificial intelligence. While PUBT strives to provide acc
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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