VCI Global shares surge 12.21% premarket after selling Credilab fintech unit in $43.74M management buyout, refocusing on AI platforms.

VCI Global surged 12.21% in premarket trading following the announcement of a $43.74 million management buyout of its fintech subsidiary Credilab. The transaction, valued at 1.1× net tangible assets, includes a 30% equity stake retained by VCI Global, aligning with its strategic shift toward AI-native capital and innovation platforms. The disposal addresses Credilab’s capital-intensive nature, enabling the company to refocus on high-growth sectors like AI infrastructure, robotics, and clean energy. Management emphasized the move strengthens balance sheet discipline and reallocates capital to scalable, asset-light businesses, directly supporting the stock’s sharp premarket rise.