Company: VCIG
Filing Date: 2025-05-22
Form Type: F-3
Source: 0001213900-25-046880
Chunk: 16

Company: VCI Global Ltd
Filing Date: 2025-05-22
Form: F-3
Chunk 16
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 total assets (exclusive of U.S. government securities and cash items) on an unconsolidated
basis. We believe that we are engaged primarily in the business of providing business and technology consulting services and not in the
business of investing, reinvesting or trading in securities. We hold ourselves out as a business consulting firm and do not propose to
engage primarily in the business of investing, reinvesting or trading in securities. In that respect, we do not believe that we fall
within the definition of an “investment company” under the 1940 Act because substantially all of our revenue has come from
consulting fees and other factors such as the history of the Company, how the Company has represented itself in the marketplace and the
lack of investing expertise by almost all of senior management.

The 1940 Act and the
rules thereunder contain detailed parameters for the organization and operation of investment companies. Among other things, 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.

In the event we are required to register as a broker-dealer, our business model could be harmed.

We do not believe our
current business practices or operations require us to register as a broker-dealer under US federal and state laws. We restrict our activities
and services so as to not be deemed a broker-dealer under US state and federal regulations. However, if we were deemed by a relevant
authority to be acting as a broker-dealer, we could be subject to a variety of penalties, including fines and rescission offers and could
be required to register as a broker-dealer, which would increase our costs, especially our compliance costs. If in those circumstances
we