🟢 VS Media Holdings is trading 24.91% up today after proposing sale of loss-making VSM Holdings

VS Media Holdings is trading at $1.02, up 24.91%, after proposing to sell its loss-making VSM Holdings subsidiary to an unaffiliated buyer for US$1.00.

• The proposed restructuring aims to reduce the financial burden from ongoing operating losses.
• The plan would first transfer the Singapore media subsidiary to Aurenza Group and rename the company Forcendra Holding Limited.
• Shareholders will vote on the sale, governance changes, and renaming at an October 9, 2026 extraordinary general meeting.