VCI Global Limited's $4.29M Direct Offering: February 2025 Report Insights
Here are the key insights extracted from the financial report:
- Company Information:
- Name: VCI Global Limited
- Address: B03-C-8 Menara 3A, KL Eco City, No.3 Jalan Bangsar, 59200 Kuala Lumpur
- Report Type:
- This is a Form 6-K, which is a report of a foreign private issuer.
- Filing Date:
- The report is dated February 18, 2025, with significant events occurring on February 15, 2025.
- Securities Offering:
- Type: Registered direct offering.
- Total Shares Issued: 3,300,000 ordinary shares.
- Purchase Price: $1.30 per share.
- Gross Proceeds: Expected to be $4,290,000 before deducting offering expenses.
- Use of Proceeds:
- The proceeds will be used for working capital and general corporate purposes.
- Closing Date:
- The offering is expected to close on or around February 18, 2025.
- Investment Structure:
- The offering was made directly to two investors without using a placement agent or underwriter.
- Regulatory Compliance:
- The offering is made under an existing shelf registration statement on Form F-3 (File No. 333-279521), filed on May 17, 2024, and declared effective on May 28, 2024.
- Legal Documentation:
- A legal opinion regarding the issuance and sale of the shares is provided by Carey Olsen (BVI) L.P., included as Exhibit 5.1.
- Disclaimer:
- The report states that it does not constitute an offer or solicitation to buy or sell securities in jurisdictions where such an offer would be unlawful.
- Signature:
- The report is signed by Victor Hoo, Chairman and Chief Executive Officer of VCI Global Limited.
These points provide a concise overview of significant events and offerings related to VCI Global Limited as reported in the SEC filing.