VCI Global Limited filed a Form 6-K on October 29, 2026, disclosing that its board of directors approved a 1-for-18 reverse stock split of its ordinary shares, effective at 12:01 a.m. Eastern Time on November 2, 2026.

Key Highlights

  • Reverse split ratio: 1-for-18, approved by the board of directors and announced on October 13, 2026.
  • Effective date and time: 12:01 a.m. Eastern Time on November 2, 2026, under the existing trading symbol "VCIG".
  • Share count reduction: Outstanding ordinary shares will decrease from approximately 9,639,594 to approximately 535,533.
  • New CUSIP number: G98218137 assigned in connection with the reverse stock split.
  • Fractional shares: No fractional shares will be issued; any fractional amount will be rounded up to the next nearest whole number at the participant level.
  • Stated purpose: The company disclosed the split is being implemented to comply with Nasdaq's minimum bid price requirement and "to strategically position VCIG for a potential landmark institutional transaction."
  • Transfer agent: Vstock Transfer, LLC will act as the exchange agent for the reverse stock split.

VCI Global Discloses Details of Its 1-for-18 Ordinary Share Consolidation

According to the filing, VCI Global Limited (NASDAQ:VCIG), a foreign private issuer headquartered in Kuala Lumpur, Malaysia, submitted a Form 6-K for the month of October 2026, reporting that its board of directors had approved a reverse stock split at a ratio of 1-for-18. The action was announced by the company on October 13, 2026, and the filing was signed by Chairman and Chief Executive Officer Victor Hoo on October 29, 2026.

The company disclosed that the reverse stock split will reduce issued and outstanding ordinary shares from approximately 9,639,594 to approximately 535,533. The filing states the 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 company noted that no action is required from shareholders, and that shares held through a broker will have accounts automatically credited by the applicable brokerage firm, bank, or other nominee. Shareholders holding physical certificates will receive instructions from Vstock Transfer, LLC regarding the exchange process for split-adjusted shares in book-entry form.

The filing notes that forward-looking statements within the report are not guarantees of future performance and are subject to various risks and uncertainties, including those described in the company's Annual Report on Form 20-F for the fiscal year ended December 31, 2025. The company stated it undertakes no obligation to update those statements after the date of the release, except as required by law.

What Was Disclosed

VCI Global Limited disclosed a board-approved 1-for-18 reverse stock split of its ordinary shares, effective November 2, 2026, reducing outstanding shares from approximately 9,639,594 to approximately 535,533, with Vstock Transfer, LLC serving as exchange agent.