VCI Global Announces US$5 Million Institutional Registered Direct Offering

KUALA LUMPUR, Malaysia, March 06, 2026 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), today announced that it has entered into a definitive agreement with Esousa Group Holdings LLC, a New York-based family office, for the issuance and sale of the Company’s ordinary shares and warrants in a registered direct offering.

The offering is structured in multiple tranches, with the initial tranche expected to generate aggregate gross proceed of US$5 Million before deducting placement agent fees and other offering expenses. Pursuant to the terms of the agreement, the initial closing is expected to occur on or about March 6, 2026, subject to the satisfaction of customary closing conditions.

E.F. Hutton & Co. is acting as the exclusive placement agent for the offering. The Company intends to use the net proceeds to support working capital and general corporate purposes, providing additional financial flexibility to advance its strategic initiatives and platform expansion.

The securities described above are being offered and sold by the Company in a registered direct offering pursuant to a shelf registration statement on Form F-3 (File No. 333-279521) that was originally filed with the U.S. Securities and Exchange Commission (“SEC”) on May 17, 2024, and became effective on May 28, 2024. The offering of the securities is being made only by means of a base prospectus and a final prospectus supplement that form part of the effective registration statement.

About VCI Global Limited

VCI Global Limited (NASDAQ: VCIG) is an AI-native operating platform designed to scale and optimize businesses through centralized intelligence, data, and capital discipline.

The Company operates a platform-based model in which subsidiaries, affiliates, and portfolio companies plug into VCI Global’s centralized AI, data, governance, and capital allocation systems, enabling faster execution, improved capital efficiency, and scalable growth across multiple industries.

VCI Global’s platform centralizes AI-enabled execution, standardized KPI frameworks, financial and governance controls, and strategic capital allocation, while operating businesses focus on revenue generation, customer relationships, and local execution.

The Company maintains exposure across advisory, AI, and digital infrastructure, digital assets, energy, automotive, and consumer sectors, and continuously evaluates opportunities to scale, spin off, divest, or discontinue businesses based on performance, scalability, and return on capital.

VCI Global’s platform-centric approach is designed to enhance productivity, improve IPO readiness, and unlock long-term value through disciplined growth and selective capital deployment.

Cautionary Note Regarding Forward-Looking Statements

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