Recent Updates — FCDH
Shareholders approved a corporate restructuring in which the company sold its subsidiary VSM Holdings Limited to an unaffiliated third party for US$1.00, transferring all associated liabilities to the buyer. The company also adopted amended articles of association that facilitate the name change from VS MEDIA Holdings Limited to Forcendra Holding Limited and authorize share splits without further shareholder approval. Trading under the new ticker symbol FCDH is expected to begin on October 26, 2026. The company manages a global network of digital creators who produce content for social media platforms.
Shareholders approved a corporate group restructuring involving the disposal of loss-making businesses for $1.00 and adopted new governing documents that include a name change to Forcendra Holding Limited, share division authority, and Class B redemption rights. The company operates in media and entertainment.
On September 15, 2026, VS MEDIA Holdings Limited converted an aggregate principal amount of US$830,952.46 in outstanding unsecured loan obligations into equity securities with eight individual lenders. The conversion occurred at a price of US$0.41 per Class A Ordinary Share, resulting in the issuance of 1,811,848 shares and 214,866 pre-funded warrants exercisable at US$0.001 per share to avoid exceeding 4.99% beneficial ownership limits for any single lender. All accrued and unpaid interest on the loans was forgiven and cancelled as part of the transaction. The company operates in the media and entertainment industry.
VS Media Holdings Ltd filed unaudited consolidated financial statements for the six months ended June 30, 2026. Revenue increased 3.0% to $3,357,924, driven by a 35.6% rise in Campaign-Based Marketing Services to $2,965,828. Operating expenses fell 77.7% to $1,136,698 due to lower marketing and general administrative costs. The company reported a net loss of $254,213, a significant improvement from the $4,444,519 loss in the prior year period. Total assets stood at $9,030,531 with working capital of $2,395,887. The financial statements reflect a 1-for-20 reverse share split effective January 13, 2026. VS Media Holdings Ltd operates in the digital marketing and social commerce industry.
VS MEDIA Holdings Ltd filed an amendment to its Form 6-K to include proxy materials for an extraordinary general meeting scheduled for October 9, 2026. Shareholders are voting on two proposals: first, a corporate restructuring to dispose of loss-making businesses by transferring shares in VS Media Pte. Ltd. and selling the parent subsidiary VSM Holdings Limited to a third party for US$1.00; second, the adoption of Second Amended and Restated Memorandum and Articles of Association that change the company's name to Forcendra Holding Limited, lower the director removal threshold from 75% to 50%, and grant authority for future stock splits or reverse splits. The record date for voting is September 21, 2026. VS MEDIA Holdings Ltd operates in the media and entertainment industry.
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.