Company: VCIG
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001213900-25-104595
Chunk: 95

Company: VCI Global Ltd
Filing Date: 2025-10-31
Form: 424B5
Chunk 95
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 holders of the warrants will
not have any rights of holders of the underlying ordinary shares, including any rights to receive dividends or payments upon any liquidation,
dissolution or winding up on the ordinary shares, if any.

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DESCRIPTION OF DEBT SECURITIES</div>

The following description, together with the additional
information we include in any applicable prospectus supplement or free writing prospectus, summarizes certain general terms and provisions
of the debt securities that we may offer under this prospectus. When we offer to sell a particular series of debt securities, we will
describe the specific terms of the series in a supplement to this prospectus. We will also indicate in the supplement to what extent the
general terms and provisions described in this prospectus apply to a particular series of debt securities.

We may issue debt securities either separately,
or together with, or upon the conversion or exercise of or in exchange for, other securities described in this prospectus. Debt securities
may be our senior, senior subordinated or subordinated obligations and, unless otherwise specified in a supplement to this prospectus,
the debt securities will be our direct, unsecured obligations and may be issued in one or more series.

The debt securities will be issued under an indenture
between us and a trustee named in the prospectus supplement. We have summarized select portions of the indenture below. The summary is
not complete. The form of the indenture has been filed as an exhibit to the registration statement and you should read the indenture for
provisions that may be important to you. In the summary below, we have included references to the section numbers of the indenture so
that you can easily locate these provisions. Capitalized terms used in the summary and not defined herein have the meanings specified
in the indenture.

General

The indenture does not limit the amount of debt
securities that we may issue. It provides that we may issue debt securities up to the principal amount that we may authorize and may be
in any currency or currency unit that we may designate. Except for the limitations on consolidation, merger and sale of all or substantially
all of our assets contained in the indenture, the terms of the indenture do not contain any covenants or other provisions designed to
give holders of any debt securities protection against changes in our operations, financial condition or transactions involving us.

We may issue the debt securities issued under
the indenture as “discount securities,” which means they may be sold at a discount