VCI Global Acquires Indonesian Forestry Assets for Carbon Credit Strategy

VCI Global Ltd, through its subsidiary V Gallant Limited, has entered into a definitive agreement to acquire a controlling stake in PT Fine Carbon Credit Indonesia (FCCI). This acquisition involves approximately 241,000 hectares of Indonesian forestry assets and is expected to accelerate VCI Global's strategy in AI, carbon credits, and real-world assets (RWA). The company believes the forestry platform could generate millions of carbon credits over its lifecycle. The transaction consideration will be settled through the issuance of V Gallant shares.