VCI Global launches energy subsidiary targeting clean infrastructure market

KUALA LUMPUR - VCI Global Limited (NASDAQ:VCIG) announced on Wednesday the formation of VCI Energy Limited, a wholly owned subsidiary focused on clean energy and infrastructure projects. The company, which maintains strong financial health according to InvestingPro data, has demonstrated robust operational performance with a 54% gross margin and 37% revenue growth in the last twelve months.

The company has appointed Victor Lee, former Managing Director of Franklin Templeton, as Chief Executive Officer of the new subsidiary.

According to the press release, VCI Energy will concentrate on three main areas: clean energy generation and storage, sovereign energy infrastructure, and strategic partnerships for large-scale energy projects primarily in Asia.

"Energy is the backbone of sovereignty, and one of the most attractive long-term investment opportunities," said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.

The company cited industry research suggesting the clean energy infrastructure market is projected to reach approximately $1.5 trillion by 2033, growing at a 9.3% compound annual rate. With its strong liquidity position and current ratio of 9.36, VCI Global appears well-positioned to pursue opportunities in this expanding market. InvestingPro analysis indicates the stock is currently trading below its Fair Value, suggesting potential upside opportunity. Get access to 14+ additional exclusive ProTips and comprehensive analysis with an InvestingPro subscription.

VCI Energy’s newly appointed CEO Victor Lee stated, "Our vision is to create a clean energy platform that combines sustainability with sovereignty and delivers strong returns for investors while contributing to the world’s shift toward resilient and future-ready energy systems."

The subsidiary represents VCI Global’s formal entry into the clean energy sector, expanding its existing operations which include fintech, AI, robotics, and cybersecurity. For detailed insights into VCI Global’s growth strategy and financial outlook, access the comprehensive Pro Research Report available exclusively on InvestingPro.

The information in this article is based on a company press release statement.

In other recent news, VCI Global Limited announced a joint venture backed by 18,000 bitcoin, valued at approximately $2.16 billion, to develop infrastructure for asset tokenization and encrypted storage services. The company will hold a 70% equity stake in this venture, managing commercialization and infrastructure. Additionally, VCI Global secured a convertible note financing facility of up to $51 million, allocating $20 million to gradually acquire bitcoin as part of its digital treasury reserve strategy. The remaining funds will support the rollout of its Sovereign AI Infrastructure and expansion in cybersecurity, AI, and fintech sectors across Southeast Asia.

Following its participation in the ASEAN AI Summit 2025, VCI Global secured multiple enterprise commitments and government-level proof-of-concept projects. The company showcased its encryption and AI infrastructure technologies at the summit, including quantum-hardened security solutions and military-grade encryption systems. In a move to bolster its AI and data solutions capabilities, VCI Global appointed Dr. Chan Wai Mun as Chief AI & Data Officer. Dr. Chan brings extensive experience from previous roles at Intel and GfK, a division of NielsenIQ, specializing in business analytics and machine learning.

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