VCI Global Plunges 12.8% Amid Reverse Split

On April 2, 2025, VCI Global experienced a significant drop of 12.8% in pre-market trading, marking a new low for the company's stock.

VCI Global recently announced a 1-for-20 reverse stock split, which will reduce the number of shares of common stock issued and outstanding from approximately 54.5 million to approximately 2.8 million. This move is aimed at increasing the stock's price per share, which could potentially attract more investors and improve liquidity.

Despite the reverse split, the stock has continued to face downward pressure, indicating that investors may still be concerned about the company's fundamentals or broader market conditions. The significant drop in pre-market trading suggests that there may be additional factors at play, such as negative news or market sentiment.