VS Media shareholders approve sale of VSM Holdings for US$1
VSME•VS Media shareholders approved the restructuring 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.
1. Shareholders approve sale
Shareholders backed the restructuring on October 9, 2026, with 94.52% of votes cast in favor. Before the sale, VSM transferred VS MEDIA PTE. LTD. to wholly owned Aurenza Group, keeping the Singapore subsidiary within the group. Completion will eliminate VS Media’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.
