Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 18

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 3
Chunk 18
---
, the 1940 Act and the rules thereunder
limit or prohibit transactions with affiliates, impose limitations on the issuance of debt and equity securities, generally prohibit the
issuance of options and impose certain governance requirements. We intend to conduct our operations so that we will not be deemed an investment
company. However, if we were to be deemed an investment company, restrictions imposed by the 1940 Act, including limitations on our capital
structure and our ability to transact business with affiliates, could make it impractical for us to continue our business as currently
conducted and would have a material adverse effect on our business, financial condition, results of operations and the price of our ordinary
shares. In addition, we may be required to limit the amount of investments that we make as a principal or otherwise conduct our business
in a manner that does not subject us to the registration and other requirements on the 1940 Act.

Our Memorandum and Articles of Association
contains anti-takeover provisions which may discourage a third-party from acquiring us and adversely affect the rights of holders
of our ordinary shares.

Our Memorandum and Articles of Association contain
certain provisions that could limit the ability of others to acquire control of our company, including provisions that:

  institute a staggered board of directors and restrictions on our shareholders to fill a vacancy on the board of directors;  

  impose advance notice requirements for shareholder proposals and meetings; and  

  expressly provide that the business and affairs of the Company shall be managed by, or under the direction or supervision of, the board of directors – and that the board of directors have all p...  

These anti-takeover defences could discourage,
delay or prevent a transaction involving a change in control of our company. These provisions could also make it more difficult for you
and other shareholders to elect directors of your choosing and cause us to take other corporate actions that you desire.

If securities or industry analysts do not
publish research, or publish inaccurate or unfavorable research, about our business, the price of our ordinary shares and our trading
volume could decline.

The trading market for our ordinary shares depends
in part on the research and reports that securities or industry analysts publish about us or our business. If one or more of the analysts
who cover us downgrades our ordinary shares or publishes inaccurate or unfavorable research about our business, the price of our ordinary
shares would likely decline. If one or more of these analysts ceases coverage of our company or fails to publish reports on us regularly,
demand