VCI Global signs business separation deal to spin off V Gallant unit
VCIG•Non-compete terms
Mutual non-compete and non-solicitation terms run for five years from closing.
Business separation agreement
VCI Global entered a business separation with V Gallant, transferring its technology-related consulting and product operations into the unit.
Planned Nasdaq listing and transition services
V Gallant, currently 100% owned, plans to seek a Nasdaq listing following the separation.
VCI Global will provide transition services for one year, including HR, finance, and legal support priced at MYR 50,000 monthly.
