STOCK TITAN

VCI Global approves 1-for-18 reverse stock split

Shareholders need not take action; brokerage-held shares and shares held in book-entry form at Vstock will be credited automatically.

(Moderate)

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Form Type
6-K

Rhea-AI Filing Summary

VCI Global Ltd. said its board approved a 1-for-18 reverse stock split of its ordinary shares, effective at 12:01 a.m. Eastern Time on November 2, 2026, under the existing trading symbol VCIG. Issued and outstanding ordinary shares are expected to decrease from approximately 9,639,594 to approximately 535,533. The company said the split is intended to comply with Nasdaq’s minimum bid price requirement and strategically position it for a potential landmark institutional transaction.

No fractional shares will be issued; fractional amounts will be rounded up to the next nearest number at the participant level. Shareholders need not take action. Vstock Transfer, LLC, the company’s transfer agent and exchange agent, will provide physical certificate holders instructions for exchanging certificates for split-adjusted shares in book-entry form. Brokerage-held shares and shares held in book-entry form at Vstock will be credited automatically.

Reverse stock split ratio 1-for-18 Effective November 2, 2026
Ordinary shares issued and outstanding before split approximately 9,639,594 shares Before the reverse stock split
Ordinary shares issued and outstanding after split approximately 535,533 shares After the reverse stock split
Effective time 12:01 a.m. Eastern Time November 2, 2026
Reverse Stock Split technical
"a reverse stock split of its ordinary shares at a ratio of 1-for-18"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
minimum bid price requirement regulatory
"to be in compliance with Nasdaq’s minimum bid price requirement"
A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.
fractional shares technical
"No fractional shares will be issued"
Fractional shares are portions of a whole share of a stock or fund, allowing investors to own less than one full unit. They make it possible to invest a specific dollar amount rather than buy whole shares, like buying a slice of a pizza instead of the entire pie. For investors this lowers the cost barrier, helps with diversification, and lets you reinvest dividends or purchase expensive stocks in small, precise amounts.
book-entry form technical
"split-adjusted shares in “book-entry form”"
A book-entry form is an electronic record showing ownership of securities instead of a paper certificate; think of it like a bank account ledger that notes who owns shares. It matters to investors because it makes buying, selling and transferring securities faster, safer and cheaper by reducing paperwork, loss or forgery risk, and enabling easier settlement through brokers or a central depository.
exchange agent financial
"will act as the exchange agent for the Reverse Stock Split"
An exchange agent is a third party appointed to handle the practical steps when securities are being swapped, such as during mergers, tender offers, or restructurings. Think of it as a trusted post office that collects old shares, verifies ownership, completes required paperwork and regulatory filings, and delivers the new shares or cash to investors; its efficiency and accuracy affect how quickly and safely investors receive the value they're owed.
Split Ratio 1-for-18 reverse split
Effective Date November 2, 2026
Shares Before Split 9,639,594
Shares After Split 535,533

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is VCIG’s reverse stock split ratio and effective date?

VCI Global Limited’s 1-for-18 reverse stock split is effective at 12:01 a.m. Eastern Time on November 2, 2026, under the company’s existing trading symbol VCIG.

How many ordinary shares will VCIG have after the reverse split?

VCI Global Limited stated that its issued and outstanding ordinary shares will decrease from approximately 9,639,594 to approximately 535,533.

Do VCIG shareholders need to exchange their shares for the reverse split?

Shareholders do not need to take action. Vstock Transfer, LLC will provide exchange instructions to holders of physical certificates; brokerage-held shares and shares held in book-entry form at Vstock will be credited automatically.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 October 2026

 

Commission File Number: 001-41678

 

VCI Global Limited

(Translation of registrant’s name into English)

 

Suite 33.03 of Level 33, Menara Exchange 106, Lingkaran TRX, Tun Razak Exchange

55188 Kuala Lumpur, Malaysia

(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 ☐

 

 

 

 

 

On October 13, 2026, VCI Global Limited (“VCIG” or the “Company”) announced that its board of directors has approved a reverse stock split of its ordinary shares at a ratio of 1-for-18, effective at 12:01 a.m. Eastern Time on November 2, 2026, under the Company’s existing trading symbol “VCIG” with the new CUSIP number G98218137 (the “Reverse Stock Split”).

 

The Reverse Stock Split is being implemented to be in compliance with Nasdaq’s minimum bid price requirement and to strategically position VCIG for a potential landmark institutional transaction.

 

The Reverse Stock Split will reduce the number of ordinary shares issued and outstanding from approximately 9,639,594 to approximately 535,533. 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. No action is required from shareholders.

 

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 shareholder with physical stock certificates regarding the process for exchanging their certificates for split-adjusted shares in “book-entry form”. Shares held by shareholders through a broker will have their accounts automatically credited by their brokerage firm, bank, or other nominee, as will any shareholder who held their shares in book-entry form at Vstock.

 

Forward-Looking Statements

 

This Current Report on Form 6-K may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are characterized by future or conditional verbs such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate” and “continue” or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition and other forward-looking information. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2025 and subsequent filings filed with the Securities Exchange Commission (“SEC”). Copies of these documents are available on the SEC’s website, www.sec.gov. These forward-looking statements cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

 

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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: October 29, 2026 VCI Global Limited
     
  By: /s/ Victor Hoo
  Name: Victor Hoo
  Title: Chairman and Chief Executive Officer

 

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