🟢 VS Media Holdings is trading 6.53% up today after proposing sale of loss-making VSM Holdings

VS Media Holdings is trading 6.53% up at $0.87 after announcing a proposed restructuring and name change to Forcendra Holding Limited.

• The plan would transfer its Singapore media subsidiary before selling the loss-making VSM Holdings entity to an unaffiliated buyer for US$1.00, reducing exposure to loss-making operations.
• Shareholders will vote on the proposals at an October 9, 2026 extraordinary general meeting. Trading volume and activity-level data were unavailable, so participation strength cannot be confirmed.