Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 36

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 4
Chunk 36
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 will be subject to general market
conditions, as well as the Company’s management of capital, other investment opportunities, and other factors. The Repurchase Program
does not obligate the Company to repurchase any specific number of shares, and may be modified, suspended, or discontinued at any time
at the Company’s discretion. For a more detailed description of the Repurchase Program see our Report of Foreign Private Issuer
on Form 6-K filed with the SEC on August 22, 2024.

Transaction Shares

On July 2, 2024, we issued a total of 3,465,820
ordinary shares (“ Consideration Shares”) to Cogia GmbH pursuant to an asset purchase agreement we had entered with them on
18 March 2024. In return for the issuance of our shares to them, we had acquired the Socializer Messenger from Cogia GmbH, a highly secure
messenger platform currently serving the government of a European Union country.

The Consideration Shares to be issued in connection
with the Closing will be offered and sold in a transaction exempt from registration under the Securities Act of 1933, as amended (the
“ Securities Act”), pursuant to Regulation S promulgated thereunder. The Consideration Shares have not been registered under
the Securities Act or applicable foreign securities laws. Accordingly, once issued, the Consideration Shares may not be offered or sold
in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements
of the Securities Act.

Market Opportunity

The global consulting services market size is
poised for steady growth. Valued at US$354.01 billion in 2024, the market is expected to expand to US$447.72 billion by 2029, reflecting
a compound annual growth rate (CAGR) of 4.81%. This growth is driven by rising demand for consulting services as businesses face complex
regulatory environments, evolving capital markets, and strategic growth challenges. We also believe the global consulting sector is one
of the biggest and most mature markets within the professional services industry.

   3      https://www.mordorintelligence.com/industry-reports/consulting-service-market/market-size  

US IPO,
Cross Border Listing and M& A Deal Numbers and Proceeds

The IPO market in the United States demonstrated
a robust recovery in 2024, with proceeds rising by 48% and the number of IPOs increasing by nearly 40% - from 127 in 202