VCI Global Ltd (NASDAQ:VCIG) shares are trading higher by 149.2% to $4.461 during Wednesday's session after the company announced it received a conditional letter of award valued at approximately $24 million for its proposed data center project in Enstek City, Malaysia.

What To Know: VCI Global Limited (NASDAQ:VCIG), via its subsidiary V-Gallant Sdn. Bhd., received a conditional $24 million Letter of Award from Hexatoff Group Sdn. Bhd. for a data center project in Enstek City, Malaysia. V-Gallant will supply advanced AI hardware and software to power the project's first phase.

Hexatoff Group, a leading infrastructure solutions provider with Malaysia's highest-grade construction license, aims to position the country as a top AI and digital infrastructure hub in Southeast Asia.

Dato' Victor Hoo, VCI Global's CEO, emphasized that the partnership aligns with Malaysia's vision for innovation and sustainable growth, enhancing its status as a key player in ASEAN's digital transformation.

Read Also: Fed's Favorite Inflation Gauge Heats Up As Predicted, Personal Incomes Soar

How To Buy VCIG Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in VCI Global's case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, VCIG has a 52-week high of $179.83 and a 52-week low of $1.38.