VCI Global CEO, Dato’ Victor Hoo, boosts shareholding by 15.27%

VCI Global Limited announces that its Chief Executive Officer, Dato’ Victor Hoo, has significantly increased his shareholding in the Company. This move, along with the recent share buyback program announced on August 19, 2024, and the Company’s strong financial performance for the first half of 2024…Prior to the transaction, Dato’ Victor Hoo beneficially owned and controlled 12.05% of the Company’s total outstanding shares, comprising 10.72% held directly and 1.33% of indirect shareholding through V Invesco Fund Limited, a company he owns. Following the transaction, he now beneficially owns and controls a total of approximately 27.32% of the Company’s total outstanding shares. This represents an increase of 15.27% in his overall shareholding, underscoring his strong confidence in the Company’s strategic direction and future growth potential. “I am deeply committed to VCI Global and its vision for long-term growth. My increased investment is a clear endorsement of the Company’s direction and performance. Alongside our strong financial results and share buyback program, it reinforces my confidence in our continued success and our ability to deliver lasting value to shareholders,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.