VCI Global Inks Partnership & Licensing Agreement With AdScale For AI-Powered Marketing Tools

VCI Global Limited VCIG has been appointed as an independent, exclusive licensee of AdScale Ltd's selected products.

The aim is to promote the products in an exclusively assigned territory, involving nine regions: Hong Kong, Indonesia, Malaysia, The Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam.

With a combined population of 800 million in these nine regions, the partnership with AdScale is expected to generate sizable earnings for VCI Global as early as 2024.

"This latest venture will undoubtedly complement our acquisition of LOCUS-T which is already serving over 1,000 clients in this region," said Group Executive Chairman and CEO Dato' Victor Hoo.

VCI Global is a multi-disciplinary consulting group with key advisory practices in the areas of business and technology. 

Price Action: VCIG shares are trading higher by 6.5% at $4.37 on the last check Monday.