Company: VCIG
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001213900-25-104595
Chunk: 80

Company: VCI Global Ltd
Filing Date: 2025-10-31
Form: 424B5
Chunk 80
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 fair value of the shares owned by the dissenter as of the close of business on the day prior to the date of the meeting or the date on which the resolution was passed, excluding any appreciation or depreciation directly or indirectly induced by the action or its proposal, and that value is binding on the Company and the dissenter for all purposes; and |

| (d) | the Company shall pay to the dissenter the amount in money upon the surrender by him of the certificates representing his shares, and such shares shall be cancelled. |

Shareholders’ Suits.

Under the provisions of the BVI Act, the memorandum
and articles of association of a company are binding as between the company and its members and between the members. In general, members
are bound by the decision of the majority or special majorities as set out in the memorandum and articles of association or in the BVI
Act. As for voting, the usual rule is that with respect to normal commercial matters members may act from self-interest when exercising
the right to vote attached to their shares.

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If the majority members have infringed a minority
member’s rights, the minority may seek to enforce its rights either by derivative action or by personal action. A derivative action
concerns the infringement of the company’s rights where the wrongdoers are in control of the company and are preventing it from
taking action, whereas a personal action concerns the infringement of a right that is personal to the particular member concerned.

The BVI Act provides for a series of remedies
available to members. Where a company incorporated under the BVI Act conducts some activity which breaches the BVI Act or the company’s
memorandum and articles of association, the BVI High Court can issue a restraining or compliance order. Members can now also bring derivative,
personal and representative actions under certain circumstances.

The traditional English basis for members’
remedies have also been incorporated into the BVI Act: where a member 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 BVI High Court for an order on such conduct.

Any member of a company may apply to the BVI High
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