On September 12, 2025, VCI Global Ltd. announced a reverse stock split of its ordinary shares at a ratio of 1-for-30, effective September 16, 2025. This move aims to meet Nasdaq's minimum bid price requirement and strategically position the company for a potential major institutional transaction. The reverse split will decrease the number of outstanding shares from approximately 35.9 million to about 1.2 million, with no fractional shares issued. The company's shares will continue trading under the symbol "VCIG" with a new CUSIP number G98218111.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VCI Global Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-087110), on September 12, 2025, and is solely responsible for the information contained therein.