VS Media shareholders approve sale of VSM Holdings for US$ 1

Bitget2026/10/21 20:59

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

VS Media shareholders backed the restructuring on October 9, 2026, with 94.52% of votes cast in favor.
The company agreed to sell VSM Holdings and its remaining subsidiaries to an unaffiliated third party for US$ 1.
Before the sale, VSM transferred VS MEDIA PTE. LTD. to wholly owned Aurenza Group, keeping the Singapore subsidiary within the group.
Completion will eliminate the company’s remaining interest in VSM and its subsidiaries.
The restructuring aims to cut costs associated with loss-making subsidiaries and free resources for continuing operations and potential growth opportunities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VS Media Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-047921), on October 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

VS Media shareholders approve sale of VSM Holdings for US$ 1

You may also like

Crypto prices