FX.co ★ VCI Global Secures Conditional Letter Of Award For $24 Mln AI Contract, Stock Up In Pre-Market

On Wednesday, VCI Global Ltd. (VCIG) announced that it has received a conditional Letter of Award valued at approximately $24 million from Hexatoff Group Sdn. Bhd. for its proposed data center project in Enstek City, Malaysia. As part of this agreement, VCI Global's subsidiary, V-Gallant Sdn. Bhd., is set to provide AI hardware and software solutions for the project's initial phase. In pre-market trading, VCI's stock is experiencing a significant increase, rising 35.71 percent to reach $2.50 on the Nasdaq.