VCI Global Sells Fintech Credilab for US$43.74 Million Management Buyout, Retains 30% Stake
VCI Global Limited has agreed to a management buyout of its fintech subsidiary, Credilab, valued at approximately US$43.74 million. The transaction, representing 1.1× net tangible assets, will be settled through cash and shares. VCI Global will retain a 30% equity interest in Credilab, allowing participation in future value creation. This move is part of VCI Global's strategy to transition into an AI-Native capital platform focused on scalable businesses.
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VCI Global Limited has announced a management buyout of its fintech subsidiary Credilab, valuing the transaction at approximately US$43.74 million, or 1.1× net tangible assets. The deal will be settled through cash and shares, and VCI Global will retain a 30% equity interest in Credilab.
This disposal is part of VCI Global's strategic restructuring and portfolio optimization, aiming to shift toward an AI-Native capital platform. The company plans to enhance its focus on AI infrastructure, clean energy, and advanced mobility while maintaining exposure to potential upside through its retained stake.
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