VCI Global Limited Reports $1.5M Direct Offering - Key Insights Revealed!

Here are the key insights and information extracted from the provided section of the financial report:

1. Company Information:

• Name: VCI Global Limited
• Address: B03-C-8 Menara 3A, KL Eco City, No.3 Jalan Bangsar, 59200 Kuala Lumpur, Malaysia.

2. Filing Details:

• Form Type: 6-K (Report of Foreign Private Issuer)
• Commission File Number: 001-41678
• Date of Report: January 13, 2025

3. Securities Offering:

• Type of Offering: Registered direct offering.
• Number of Shares Issued: 1,149,425 ordinary shares.
• Price per Share: $1.305.
• Total Gross Proceeds Expected: $1,500,000 before deducting offering expenses.
• Use of Proceeds: Intended for working capital and general corporate purposes.

4. Closing Date:

• The offering is expected to close on or about January 13, 2025.

5. Investor Information:

• The offering was made directly to an accredited investor without a placement agent or underwriter.

6. Regulatory Compliance:

• The offering was made under the existing shelf registration statement on Form F-3 (File No. 333-279521) filed on May 17, 2024, and declared effective on May 28, 2024.
• A prospectus supplement was filed with the SEC on January 13, 2025.

7. Legal Opinion:

• The legal opinion regarding the issuance and sale of the shares is provided by Carey Olsen (BVI) L.P. and is included as Exhibit 5.1.

8. Disclaimer:

• The report clarifies that it does not constitute an offer to sell or a solicitation of an offer to buy any securities in jurisdictions where such offers would be unlawful.

9. Signatory Information:

• The report is signed by Victor Hoo, Chairman and Chief Executive Officer of VCI Global Limited.

This summary captures the essential details of the securities offering and key administrative information regarding the filing and the company.