Mergers & Acquisitions ·
VS Media shareholders vote on restructuring sale of VSM to third party for $1.00 and name change to Forcendra Holding Limited
VSMEForcendra Holding Ltd
VS MEDIA Holdings Limited filed a notice for an extraordinary general meeting on October 9, 2026, to approve two key resolutions. First, shareholders must authorize a corporate restructuring involving the transfer of VS Media Pte. Ltd. shares from VSM Holdings Limited to Aurenza Group Limited, followed by the sale of VSM to an unaffiliated third party for US$1.00 to dispose of loss-making businesses. Second, shareholders must approve the adoption of the Second Amended and Restated Memorandum and Articles of Association, which changes the company's name to Forcendra Holding Limited, adds authority for stock splits or combines, introduces redemption rights for Class B shares upon triggering events like executive termination, lowers the director removal threshold from 75% to 50%, and modernizes communication frameworks. The record date for voting is September 21, 2026. VS MEDIA Holdings Limited operates in the media and entertainment industry.