Company: VCIG
Filing Date: 2025-09-25
Form Type: F-3
Source: 0001213900-25-091277
Chunk: 53

Company: VCI Global Ltd
Filing Date: 2025-09-25
Form: F-3
Chunk 53
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ed under the United States federal securities laws or otherwise.
It may also be difficult for a shareholder to enforce in United States courts judgments obtained in United States courts based on the
civil liability provisions of the United States federal securities laws against us and our officers and directors, some of whom are not
residents of the United States and whose assets are located outside of the United States. In addition, there is uncertainty as to whether
the courts of the British Virgin Islands would recognize or enforce judgments of United States courts against us or those persons predicated
upon the civil liability provisions of the securities laws of the United States or any state. There is no statutory recognition in the
British Virgin Islands of judgments obtained in the United States, although the courts of the British Virgin Islands will generally recognize
and enforce a non-penal judgment of a foreign court of competent jurisdiction without retrial on the merits. It is uncertain whether British
Virgin Islands courts would be competent to hear original actions brought in the British Virgin Islands against us or those persons predicated
upon the securities laws of the United States or any state.

The BVI Act provides for a series of remedies
which may be available to holders of our ordinary shares. Where a company incorporated under the new legislation conducts some activity
which breaches the BVI Act or the Company’s memorandum and articles of association, the court can issue a restraining or compliance order.
Shareholders can also bring derivative, personal and representative actions under certain circumstances. Where a shareholder of a company
considers that the affairs of the company have been, are being or are likely to be conducted in a manner likely to be oppressive, unfairly
discriminating or unfairly prejudicial to him, he may apply to the court for an order in respect of such conduct. Any shareholder of a
company may apply to court for the appointment of a liquidator for the company and the court may appoint a liquidator for the company
if it is of the opinion that it is just and equitable to do so.

The BVI Act provides that any shareholder of a
company is entitled to payment of the fair value of its ordinary shares upon dissenting from any of the following:

| (a) | a merger (except in certain 
 limited circumstances);     |

| (b) | a consolidation; |

| (c) | any sale, transfer, lease,                                                                                                           
 exchange or other disposition of more than 50 per cent in value of the assets or business of the company if not made in the usual or 
 regular course of the