VCI Global shares surge 22.60% premarket after selling Credilab in $43.74M buyout to focus on AI-native platforms.

VCI Global surged 22.60% in premarket trading following the announcement of a management buyout of its fintech subsidiary Credilab at a $43.74 million valuation (1.1× net tangible assets). The transaction, settled in cash and shares, allows VCI Global to retain a 30% equity stake while exiting a capital-intensive fintech lending business. The move aligns with the company’s strategic pivot toward AI-native capital platforms and asset-light sectors such as robotics, clean energy, and real-world assets. By monetizing Credilab at a premium to net tangible assets and eliminating ongoing capital requirements for the fintech unit, VCI Global aims to enhance cash-flow discipline, strengthen its balance sheet, and redeploy resources into high-growth AI-driven initiatives. The disposal underscores disciplined capital management, with executives emphasizing the reallocation of capital to scalable platforms expected to drive long-term value creation.