AGM/EGMOct 14, 2026, 04:16 PM
VS MEDIA Holdings Ltd Shareholders Approve Restructuring and Name Change to Forcendra Holding Ltd
AI Summary
VS MEDIA Holdings Limited held an extraordinary general meeting where shareholders approved two key proposals. The first involved a corporate restructuring aimed at disposing of loss-making businesses, including the sale of VSM Holdings Limited. The second proposal approved the adoption of a new Memorandum and Articles of Association, which includes a name change to Forcendra Holding Limited and updated provisions for share management and corporate governance.
Key Highlights
- Shareholders approved the restructuring of the Company's corporate group, including the transfer of shares in VS MEDIA PTE. LTD. and the sale of VSM Holdings Limited.
- The restructuring aims to dispose of loss-making businesses.
- Shareholders approved the adoption of the Second Amended and Restated Memorandum and Articles of Association.
- The company name will change from VS MEDIA Holdings Limited to Forcendra Holding Limited.
- The new M&A includes provisions for share division/combination, redemption of Class B Ordinary Shares, and modernization of communication frameworks.
Price Impact
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