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KUALA LUMPUR - VCI Global Limited (NASDAQ:VCIG), a technology firm showing strong financial health with an impressive 54.43% gross profit margin and robust revenue growth of 37% in the last twelve months, has secured multiple enterprise commitments and government-level proof-of-concept projects following its participation in the ASEAN AI Summit 2025, the company announced Friday. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value estimates.
The technology firm showcased its encryption and AI infrastructure technologies at the summit, including quantum-hardened security solutions, military-grade encryption systems, and national AI data center architecture.
According to the company’s statement, the showcase resulted in multiple signed enterprise agreements for its CyberSecure Vault and related solutions, as well as proof-of-concept projects for its QuantGold Data Exchange Platform in multiple ASEAN states.
VCI Global also reported ongoing discussions with national AI and data sovereignty task forces in the region, which the company described as a milestone in its regional expansion strategy.
The announcement comes as industry research projects significant growth in relevant markets. According to data cited in the press release, the global post-quantum and quantum-security market is projected to reach approximately $4.62 billion by 2030, while the Asia-Pacific cybersecurity market could reach between $141 billion and $146 billion by the same year.
"The ASEAN AI Summit provided the perfect platform to demonstrate our ability to deliver end-to-end digital sovereignty," said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global, in the press release.
VCI Global describes itself as a cross-sector platform builder that integrates deep technology with financial architecture, operating across fintech, AI, robotics, and cybersecurity sectors.
In other recent news, VCI Global Limited has secured a convertible note financing facility of up to $51 million. The company plans to allocate $20 million of this amount to acquire bitcoin as part of its treasury diversification strategy. The remaining funds will be used to support the deployment of its AI infrastructure across Southeast Asia and provide working capital for expansion in cybersecurity, AI, and fintech sectors. Additionally, VCI Global has entered into a definitive agreement to acquire V Capital Fund Management Limited, a fund management company licensed by the Labuan Financial Services Authority. This acquisition will grant VCI Global access to a regulated asset management framework in Labuan, Malaysia.
In leadership updates, VCI Global appointed Dr. Chan Wai Mun as Chief AI & Data Officer to bolster its artificial intelligence and data solutions capabilities. Dr. Chan brings extensive experience from his previous roles at Intel and GfK. Furthermore, Jane Teh has been named Chief AI Security Officer, bringing over 20 years of cybersecurity experience to the company. Her role will involve overseeing AI security architecture and implementing encryption and security frameworks. These developments reflect VCI Global’s strategic moves to enhance its technological and financial capabilities.
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