Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 70

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 4A
Chunk 70
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 operating assets and liabilities were (i) RM53.6million (USD12million) of increase in trade and other receivables and
(ii) RM20 million (USD4.7million) of increase in trade and other payables.

Investing activities

Net cash used in investing activities in 2024 was RM217.5 million (USD48.7
million), which was attributable to our investment in Sagtec Global Limited, Reveillon Group Limited and Marvis Inc. Additionally, we
have also acquired a total of RM10.2 million (USD2.3million) in intangible assets.

Financing activities

Net cash generated from financing activities in
2024 was RM154.36 million (USD34.53 million), which was repayment due to advances to related parties at RM1.3 million (USD0.3 million),
repayment of finance lease liabilities at RM718k (USD161k), repayment of borrowings at RM107k (USD24k), and proceeds from issuance of
shares at RM156.53 million (USD35.01 million).

Our principal sources of liquidity to finance
our operating and investing activities have been net cash provided by financing activities. As of December 31, 2024, we had RM 36.2 million
(USD 8.1 million) in cash and cash equivalents, out of which RM28.19 million (USD6.30 million) was held in Ringgit Malaysia and the rest
was held in other currencies. Our cash and cash equivalents primarily consist of cash on hand, general bank balances and cash in share
trading accounts.

Cash Flows for the Fiscal Year Ended December
31, 2023 Compared to the Fiscal Year Ended December 31, 2022

The following table sets forth a summary of our
cash flow for the year ended 31 December 2023 and 2022

                                                              For the fiscal year ended December 31,                                                             
                                                              2023                                                                         2022                  
  Summary Consolidated Cash Flow Data                         MYR                                                                          MYR                   
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net cash generated from/(used in) operating activities                                                    5,283,329       1,151,228                (1,343,218  
  Net cash (used in)/generated from investing activities                                                  (18,243,659      (3,975,259                 1,127,695