{"id":8735,"date":"2024-11-02T12:30:37","date_gmt":"2024-11-02T07:00:37","guid":{"rendered":"https:\/\/nationalvani.com\/en\/?p=8735"},"modified":"2024-11-02T12:31:03","modified_gmt":"2024-11-02T07:01:03","slug":"vci-global-announces-1-for-49-reverse-stock-split","status":"publish","type":"post","link":"https:\/\/nationalvani.com\/en\/vci-global-announces-1-for-49-reverse-stock-split\/","title":{"rendered":"VCI Global Announces 1-for-49 Reverse Stock Split"},"content":{"rendered":"<div class=\"natio-before-content\" style=\"margin-bottom: 12px;\" id=\"natio-3966334561\"><style>\r\n.ad {\r\ndisplay: block;\r\nmargin: 0 auto 12px;\r\nwidth: 100%;\r\nmax-width: 640px;\r\n}\r\n<\/style>\r\n<!-- <img class=\"ad\" src=\"\" alt=\"Ad\" \/> -->\r\n<img class=\"ad\" src=\"https:\/\/nationalvani.com\/wp-content\/uploads\/2026\/01\/Ad-GaneshJoshi.jpg\" alt=\"Ad\" \/>\r\n<img class=\"ad\" src=\"https:\/\/nationalvani.com\/wp-content\/uploads\/2026\/01\/Ad-NagarPalikaTehri.jpeg\" alt=\"Ad\" \/>\r\n<img class=\"ad\" src=\"https:\/\/nationalvani.com\/wp-content\/uploads\/2026\/01\/Ad-NagarNigamRishikesh.jpeg\" alt=\"Ad\" \/>\r\n<\/div><p style=\"text-align: justify;\">KUALA LUMPUR, Malaysia, Nov. 1, 2024:\u00a0 VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (\u201cVCI Global\u201d or the \u201cCompany\u201d), a diversified holding company with expertise in consulting, fintech, AI, robotics and cybersecurity, is pleased to announce the approved 1-for-49 stock split of the Company\u2019s common stock with no par value, effective at 12:01 a.m. Eastern Time on 5 November, 2024 (the \u201cReverse Stock Split\u201d). VCI Global\u2019s common stock will continue to be traded on the Nasdaq Capital Market on a split-adjusted basis beginning on 5 November, 2024, under the Company\u2019s existing trading symbol \u201cVCIG\u201d with the new CUSIP number G98218 202.<\/p>\n<section>\n<article>\n<p style=\"text-align: justify;\" align=\"justify\">The Reverse Stock Split is primarily intended to increase the market price per share of the Company\u2019s common stock to regain compliance with the minimum bid price required for continued listing on the Nasdaq Capital Market. The Reverse Stock Split will reduce the number of shares of common stock issued and outstanding from approximately 202.2 million to approximately 4.0 million. 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.Vstock Transfer, LLC (\u201cVstock\u201d), the Company\u2019s transfer agent, will act as the exchange agent for the Reverse Stock Split. Vstock will provide instructions to any stockholder with physical stock certificates regarding the process for exchanging their certificates for split-adjusted shares in \u201cbook-entry form\u201d. Shares held by stockholders through a broker will have their accounts automatically credited by their brokerage firm, bank, or other nominee, as will any stockholder who held their shares in book-entry form at Vstock.<em> News Input\u00a0 crdt : GLOBE NEWSWIRE<\/em><\/p>\n<\/article>\n<\/section>\n<div class=\"natio-after-content\" style=\"margin-bottom: 12px;\" id=\"natio-3310018058\"><style>\r\n.ad {\r\ndisplay: block;\r\nmargin: 0 auto 12px;\r\nwidth: 100%;\r\nmax-width: 640px;\r\n}\r\n<\/style>\r\n<!-- <img class=\"ad\" src=\"\" alt=\"Ad\" \/> -->\r\n<!-- <img class=\"ad\" src=\"\" alt=\"Ad\" \/> -->\r\n\r\n\n\t\t<!-- MasterSlider -->\n\t\t<div id=\"P_MS69da885e0b927\" class=\"master-slider-parent msl ms-parent-id-4\" style=\"max-width:640px;\">\n\n\t\t\t\n\t\t\t<!-- MasterSlider Main -->\n\t\t\t<div id=\"MS69da885e0b927\" class=\"master-slider ms-skin-default\" >\n\t\t\t\t \t\t\t\t \n\t\t\t\t<div  class=\"ms-slide\" data-delay=\"2\" data-fill-mode=\"stretch\"  >\n\t\t\t\t\t<img 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&hellip;<\/p>\n","protected":false},"author":2,"featured_media":8736,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,16],"tags":[1048,1932,1931],"class_list":["post-8735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-world-news","tag-business","tag-vci-global","tag-vci-global-announces-1-for-49-reverse-stock-split"],"_links":{"self":[{"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/posts\/8735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/comments?post=8735"}],"version-history":[{"count":3,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/posts\/8735\/revisions"}],"predecessor-version":[{"id":8739,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/posts\/8735\/revisions\/8739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/media\/8736"}],"wp:attachment":[{"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/media?parent=8735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/categories?post=8735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/tags?post=8735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}