UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO SECTION 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2024
Commission File Number: 001-41678
VCI Global Limited
(Translation of registrant’s name into English)
B03-C-8 Menara 3A
KL, Eco City, No.3 Jalan Bangsar
59200 Kuala Lumpur
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒
Form 40-F ☐
As of November 5, 2024, VCI Global Limited. (the “Company”) effectuated a 1 for 49 share consolidation of its authorized share
capital, such that every 49 ordinary shares, no par value, in the authorized share capital of the Company be consolidated into 1 ordinary
share, no par value (the “Reverse Split”).
The Reverse Split was approved by the Company’s board of directors on October 16, 2024. Accordingly, the Reverse Split became effective,
and the ordinary shares began trading on a split-adjusted basis when the market opened on November 5, 2024. The Reverse Stock Split is
primarily intended to increase the market price per share of the Company’s ordinary shares to regain compliance with the minimum
bid price required for continued listing on the Nasdaq Capital Market.
The Reverse Stock Split reduced the number of ordinary shares issued and outstanding from approximately 202.2 million to approximately
4.0 million.
In connection with the Reverse Split, the CUSIP
number for the ordinary shares has changed to: G98218 202.
Any fractional shares that would have resulted because of the Reverse Split were rounded up to the nearest whole share at the participant
level.
On November 1, 2024, the Company issued a press
release announcing the Reverse Split. A copy of the Press Release is attached hereto as Exhibit 99.1.
Forward Looking Statements
This Report of Foreign Private Issuer on Form
6-K contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding
the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be
accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,”
“projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,”
“potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other
future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes
in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of
these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due
to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of
new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the
Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition,
the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed
in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements
contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to
update the forward-looking statements in this release, except in accordance with applicable law.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 5, 2024 |
VCI Global Limited |
|
|
|
|
By: |
/s/ Victor Hoo |
|
Name: |
Victor Hoo |
|
Title: |
Chairman and Chief Executive Officer |
2
Exhibit 99.1
VCI GLOBAL ANNOUNCES 1-FOR-49 REVERSE STOCK SPLIT
November 1, 2024 | Globe Newswire
KUALA LUMPUR, Malaysia, November
1, 2024 – VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI Global” or the “Company”), a diversified
holding company with expertise in consulting, fintech, AI, robotics and cybersecurity, is pleased to announce the approved 1-for-49 stock
split of the Company’s common stock with no par value, effective at 12:01 a.m. Eastern Time on 5 November, 2024 (the “Reverse
Stock Split”). VCI Global’s common stock will continue to be traded on the Nasdaq Capital Market on a split-adjusted basis
beginning on 5 November, 2024, under the Company’s existing trading symbol “VCIG” with the new CUSIP number G98218 202.
The Reverse Stock Split is primarily intended
to increase the market price per share of the Company’s common stock to regain compliance with the minimum bid price required for
continued listing on the Nasdaq Capital Market.
The Reverse Stock Split will reduce the number
of shares of common stock issued and outstanding from approximately 202.2 million to approximately 4.0 million. No fractional shares will
be issued in connection with the Reverse Stock Split. Any amount of fractional shares will be rounded up to the next nearest number at
the participant level.
Vstock Transfer, LLC (“Vstock”), the
Company’s transfer agent, will act as the exchange agent for the Reverse Stock Split. Vstock will provide instructions to any stockholder
with physical stock certificates regarding the process for exchanging their certificates for split-adjusted shares in “book-entry
form”. Shares held by stockholders through a broker will have their accounts automatically credited by their brokerage firm, bank,
or other nominee, as will any stockholder who held their shares in book-entry form at Vstock.
About VCI Global Limited
VCI Global is a diversified holding company headquartered
in Kuala Lumpur, Malaysia. The Company operates through five core businesses: Capital Market Consultancy, Fintech, Real Estate, AI &
Robotics, and Cybersecurity. In Capital Market Consultancy, we provide IPO solutions, investor relations (IR) and public relations (PR)
consultancy, and M&A consultancy. Our Fintech arm offers a proprietary financing platform. In Real Estate, we offer specialized real
estate consultancy services. The AI business delivers GPU servers, GPU cloud computing services, AI and large language model (LLM) solutions,
while the Robotics segment focuses on post-harvest robotics systems. Our Cybersecurity segment provides comprehensive cybersecurity consultancy
services and solutions. Committed to fostering innovation and delivering exceptional value, VCI Global has established a strong presence
across the Asia-Pacific region, the United States, Europe, and the Middle East, driving growth and transformation on a global scale.
For more information on the Company, please log on to https://v-capital.co/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements
that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow
its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,”
“may,” “will,” “plans,” “expects,” “anticipates,” “projects,”
“predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential”
or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because
forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that
are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking
statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including
without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of
the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners,
the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products
and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with
the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release
are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements
in this release, except in accordance with applicable law.
CONTACT INFORMATION:
For media queries, please contact:
VCI Global Limited
enquiries@v-capital.co
View original content:
VCI Global (NASDAQ:VCIG)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
VCI Global (NASDAQ:VCIG)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024