VS MEDIA Holdings Ltd Calls EGM for Restructuring and M&A Changes

VS MEDIA Holdings Ltd has announced an Extraordinary General Meeting (EGM) to be held on October 9, 2026. The meeting will consider two key proposals: first, a restructuring of the company's corporate group involving the transfer of shares and the sale of a subsidiary for US$1.00 to dispose of loss-making businesses; and second, the adoption of a Second Amended and Restated Memorandum and Articles of Association. The proposed changes to the M&A include a name change to Forcendra Holding Limited, modifications to share division/combination authorities, a right to redeem Class B Ordinary Shares, a reduced threshold for director removal, modernized notice frameworks, and opting out of Section 175 of the BVI Business Companies Act concerning asset dispositions. Shareholders of record as of September 21, 2026, are eligible to vote.