Dividends & Buybacks ·
VCI Global approves 1-for-18 reverse stock split effective November 2 to meet Nasdaq bid price rule
VCIGVCI Global Ltd
The board of directors approved a one-for-eighteen reverse stock split of ordinary shares, reducing the outstanding count from approximately 9.64 million to roughly 535,533. The action is designed to comply with Nasdaq’s minimum bid price requirement and position the company for potential institutional transactions. Fractional shares will be rounded up at the participant level without requiring shareholder action. VCI Global Limited operates in the financial services sector.