{"success":true,"data":{"pressRelease":{"id":"176204","rtpr_id":"nGNXbPyngb-20261021","ticker":"VSME","exchange":"NASDAQ","all_tickers":["VSME"],"title":"Forcendra Holding Limited (formerly VS MEDIA Holdings Limited) Announces Shareholder Approval, Effectiveness of Second Amended and Restated Memorandum & Articles of Association and Name Change, and Anticipated Ticker Symbol Change to “FCDH”","author":"Globe Newswire","published_at":"2026-10-21T20:50:00.088Z","article_body":"Approximately 94% of Votes Cast Support Each Proposal; Company Changes Its\nName to Forcendra Holding Limited; Class A Ordinary Shares Expected to Begin\nTrading on the Nasdaq Capital Market Under “FCDH” on October 26, 2026\n\nSingapore, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Forcendra Holding Limited\n(formerly known as VS MEDIA Holdings Limited) (Nasdaq: VSME) (“Forcendra”\nor the “Company”) today announced that, at the Company’s extraordinary\ngeneral meeting of members held in Singapore on October 9, 2026 (the\n“Extraordinary Meeting”), its shareholders approved, each as an ordinary\nresolution by the requisite simple majority of the votes cast, (i) the\nrestructuring of the Company’s corporate group (the “Restructuring”) and\n(ii) the adoption of the Company’s Second Amended and Restated Memorandum\nand Articles of Association (the “Second Amended and Restated M&A”), which\nreflects, among other changes, the change of the Company’s name from “VS\nMEDIA Holdings Limited” to “Forcendra Holding Limited” (the “Name\nChange”). Approximately 94% of the votes cast were in favor of each\nproposal, based on the aggregate voting power of the Company’s Class A and\nClass B ordinary shares voting together as a single class and excluding\nabstentions. The Company also announced that the Second Amended and Restated\nM&A, including the Name Change, became effective on October 12, 2026.\n\nThe Restructuring was undertaken to reduce ongoing administrative, compliance\nand financial costs associated with subsidiaries that had generated operating\nlosses and were not expected to achieve profitability in the near term,\nsimplify the Company’s corporate structure, and provide greater flexibility\nto allocate resources to continuing operations and evaluate potential growth\nopportunities.\n\nUnder the Restructuring, VSM Holdings Limited (“VSM”) transferred its\nSingapore subsidiary, VS MEDIA PTE. LTD., to Aurenza Group Limited, a\nwholly-owned subsidiary of the Company. VS MEDIA PTE. LTD. therefore remains\nwithin the Company’s corporate group following the Restructuring. The\nCompany then agreed to sell VSM, together with its remaining subsidiaries, to\na third party unaffiliated with the Company for nominal consideration of\nUS$1.00. Following completion of the sale, the Company will no longer hold any\ndirect or indirect interest in VSM or any of its subsidiaries.\n\nEng Yong Julius Toh, Chief Executive Officer of Forcendra, said, “On behalf\nof the Board of Directors, I would like to thank our shareholders for their\nstrong support of the Restructuring. We believe that streamlining our\nbusinesses and corporate structure can help reduce operating costs and may\nimprove our financial performance over time, while creating greater\nflexibility to optimize existing operations and explore new business\ndirections and growth opportunities.”\n\nGovernance Updates, Name Change, and Ticker Symbol Change\n\nShareholders also approved the Company’s Second Amended and Restated M&A,\nwhich became effective on October 12, 2026 upon its filing with and\nregistration by the Registrar of Corporate Affairs of the British Virgin\nIslands. In addition to the Name Change, the amended articles reduce the\nthreshold for removal of a director without cause by shareholders from a\nresolution of at least 75% to a resolution of at least 50% of the shareholders\nentitled to vote, and permit the Company to deliver notices and other\nshareholder communications electronically and through its website. They also\nauthorize the Board, by resolution of directors, or the shareholders to divide\nor combine the Company’s shares without further shareholder approval; give\nthe Company the right, at the Board’s sole discretion, to redeem Class B\nordinary shares held by a holder upon certain triggering events, including the\ntermination of the employment or service relationship of an eligible member,\nat a price determined by the Board; and disapply Section 175 of the BVI\nBusiness Companies Act (As Revised), with the effect that the Board may\napprove dispositions of more than 50% of the Company’s assets, by value,\noutside the usual or regular course of business without a resolution of\nshareholders, in each case as described in the Company’s proxy statement\ndated September 24, 2026.\n\nIn connection with the Name Change, the Company expects that its Class A\nordinary shares will begin trading on the Nasdaq Capital Market under the new\nticker symbol “FCDH” at the open of trading on October 26, 2026, replacing\nthe Company’s current ticker symbol, “VSME.” The Class A ordinary shares\nwill continue to be listed on the Nasdaq Capital Market, and no action by the\nCompany’s shareholders is required with respect to the ticker symbol change.\nThe CUSIP number for the Class A ordinary shares will remain unchanged.\n\nVoting Results\n\nShareholders holding approximately 53.60% of the total voting power of the\nCompany’s outstanding ordinary shares entitled to vote were present in\nperson or represented by proxy at the Extraordinary Meeting, satisfying the\nquorum requirement. Holders of Class A and Class B ordinary shares voted\ntogether as a single class, with each Class A ordinary share entitled to one\nvote and each Class B ordinary share entitled to eighteen votes. Of the votes\ncast for or against each proposal, approximately 94.52% supported the\nRestructuring and approximately 94.13% supported the Second Amended and\nRestated M&A. Final voting results will be included in a Report on Form 6-K to\nbe furnished to the U.S. Securities and Exchange Commission.\n\nAbout Forcendra Holding Limited\n\nForcendra Holding Limited (formerly known as VS MEDIA Holdings Limited)\n(Nasdaq: VSME) manages a global network of digital creators who create and\nupload content to social media platforms such as YouTube, Facebook, Instagram\nand TikTok. These creators include influencers, key opinion leaders (KOLs),\nbloggers and other content creators who build fan bases on social platforms.\nFor more information, visit https://www.vs-media.com.\n\nForward-Looking Statements\n\nCertain statements in this announcement are forward-looking statements within\nthe meaning of Section 27A of the Securities Act of 1933, as amended, and\nSection 21E of the Securities Exchange Act of 1934, as amended, including\nstatements regarding the expected benefits of the Restructuring, the expected\ntiming of the ticker symbol change, potential cost reductions, possible\nimprovements in financial performance and exploration of new business\nopportunities. These forward-looking statements involve known and unknown\nrisks and uncertainties and are based on the Company’s current expectations\nand projections about future events that the Company believes may affect its\nfinancial condition, results of operations, business strategy, and financial\nneeds. These forward-looking statements are also based on assumptions\nregarding the Company’s present and future business strategies and the\nenvironment in which the Company will operate in the future. Investors can\nfind many (but not all) of these statements by the use of words such as\n“may,” “will,” “expect,” “anticipate,” “aim,”\n“estimate,” “intend,” “plan,” “believe,” “likely to” or\nother similar expressions. The Company undertakes no obligation to update or\nrevise publicly any forward-looking statements to reflect subsequent events or\ncircumstances, or changes in its expectations, except as may be required by\nlaw. Although the Company believes that the expectations expressed in these\nforward-looking statements are reasonable, it cannot assure you that such\nexpectations will turn out to be correct, and the Company cautions investors\nthat actual results may differ materially from the anticipated results and\nencourages investors to review other factors that may affect its future\nresults in the Company’s annual report on Form 20-F for the fiscal year\nended December 31, 2025 and other filings with the SEC.\n\nCompany Contact:\n\nForcendra Holding Limited Investor Relations\n3 International Business Park #03-29, Nordic European Centre\nSingapore 609927\nEmail: ir@fcdhgroup.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/3967408f-380c-4235-a4eb-36829439e2a8)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXbPyngb-20261021","title":"Forcendra Holding Limited (formerly VS MEDIA Holdings Limited) Announces Shareholder Approval, Effectiveness of Second Amended and Restated Memorandum & Articles of Association and Name Change, and Anticipated Ticker Symbol Change to “FCDH”","author":"Globe Newswire","ticker":"VSME","created":"2026-10-21T20:50:00.088Z","tickers":["VSME"],"exchange":"NASDAQ","article_body":"Approximately 94% of Votes Cast Support Each Proposal; Company Changes Its\nName to Forcendra Holding Limited; Class A Ordinary Shares Expected to Begin\nTrading on the Nasdaq Capital Market Under “FCDH” on October 26, 2026\n\nSingapore, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Forcendra Holding Limited\n(formerly known as VS MEDIA Holdings Limited) (Nasdaq: VSME) (“Forcendra”\nor the “Company”) today announced that, at the Company’s extraordinary\ngeneral meeting of members held in Singapore on October 9, 2026 (the\n“Extraordinary Meeting”), its shareholders approved, each as an ordinary\nresolution by the requisite simple majority of the votes cast, (i) the\nrestructuring of the Company’s corporate group (the “Restructuring”) and\n(ii) the adoption of the Company’s Second Amended and Restated Memorandum\nand Articles of Association (the “Second Amended and Restated M&A”), which\nreflects, among other changes, the change of the Company’s name from “VS\nMEDIA Holdings Limited” to “Forcendra Holding Limited” (the “Name\nChange”). Approximately 94% of the votes cast were in favor of each\nproposal, based on the aggregate voting power of the Company’s Class A and\nClass B ordinary shares voting together as a single class and excluding\nabstentions. The Company also announced that the Second Amended and Restated\nM&A, including the Name Change, became effective on October 12, 2026.\n\nThe Restructuring was undertaken to reduce ongoing administrative, compliance\nand financial costs associated with subsidiaries that had generated operating\nlosses and were not expected to achieve profitability in the near term,\nsimplify the Company’s corporate structure, and provide greater flexibility\nto allocate resources to continuing operations and evaluate potential growth\nopportunities.\n\nUnder the Restructuring, VSM Holdings Limited (“VSM”) transferred its\nSingapore subsidiary, VS MEDIA PTE. LTD., to Aurenza Group Limited, a\nwholly-owned subsidiary of the Company. VS MEDIA PTE. LTD. therefore remains\nwithin the Company’s corporate group following the Restructuring. The\nCompany then agreed to sell VSM, together with its remaining subsidiaries, to\na third party unaffiliated with the Company for nominal consideration of\nUS$1.00. Following completion of the sale, the Company will no longer hold any\ndirect or indirect interest in VSM or any of its subsidiaries.\n\nEng Yong Julius Toh, Chief Executive Officer of Forcendra, said, “On behalf\nof the Board of Directors, I would like to thank our shareholders for their\nstrong support of the Restructuring. We believe that streamlining our\nbusinesses and corporate structure can help reduce operating costs and may\nimprove our financial performance over time, while creating greater\nflexibility to optimize existing operations and explore new business\ndirections and growth opportunities.”\n\nGovernance Updates, Name Change, and Ticker Symbol Change\n\nShareholders also approved the Company’s Second Amended and Restated M&A,\nwhich became effective on October 12, 2026 upon its filing with and\nregistration by the Registrar of Corporate Affairs of the British Virgin\nIslands. In addition to the Name Change, the amended articles reduce the\nthreshold for removal of a director without cause by shareholders from a\nresolution of at least 75% to a resolution of at least 50% of the shareholders\nentitled to vote, and permit the Company to deliver notices and other\nshareholder communications electronically and through its website. They also\nauthorize the Board, by resolution of directors, or the shareholders to divide\nor combine the Company’s shares without further shareholder approval; give\nthe Company the right, at the Board’s sole discretion, to redeem Class B\nordinary shares held by a holder upon certain triggering events, including the\ntermination of the employment or service relationship of an eligible member,\nat a price determined by the Board; and disapply Section 175 of the BVI\nBusiness Companies Act (As Revised), with the effect that the Board may\napprove dispositions of more than 50% of the Company’s assets, by value,\noutside the usual or regular course of business without a resolution of\nshareholders, in each case as described in the Company’s proxy statement\ndated September 24, 2026.\n\nIn connection with the Name Change, the Company expects that its Class A\nordinary shares will begin trading on the Nasdaq Capital Market under the new\nticker symbol “FCDH” at the open of trading on October 26, 2026, replacing\nthe Company’s current ticker symbol, “VSME.” The Class A ordinary shares\nwill continue to be listed on the Nasdaq Capital Market, and no action by the\nCompany’s shareholders is required with respect to the ticker symbol change.\nThe CUSIP number for the Class A ordinary shares will remain unchanged.\n\nVoting Results\n\nShareholders holding approximately 53.60% of the total voting power of the\nCompany’s outstanding ordinary shares entitled to vote were present in\nperson or represented by proxy at the Extraordinary Meeting, satisfying the\nquorum requirement. Holders of Class A and Class B ordinary shares voted\ntogether as a single class, with each Class A ordinary share entitled to one\nvote and each Class B ordinary share entitled to eighteen votes. Of the votes\ncast for or against each proposal, approximately 94.52% supported the\nRestructuring and approximately 94.13% supported the Second Amended and\nRestated M&A. Final voting results will be included in a Report on Form 6-K to\nbe furnished to the U.S. Securities and Exchange Commission.\n\nAbout Forcendra Holding Limited\n\nForcendra Holding Limited (formerly known as VS MEDIA Holdings Limited)\n(Nasdaq: VSME) manages a global network of digital creators who create and\nupload content to social media platforms such as YouTube, Facebook, Instagram\nand TikTok. These creators include influencers, key opinion leaders (KOLs),\nbloggers and other content creators who build fan bases on social platforms.\nFor more information, visit https://www.vs-media.com.\n\nForward-Looking Statements\n\nCertain statements in this announcement are forward-looking statements within\nthe meaning of Section 27A of the Securities Act of 1933, as amended, and\nSection 21E of the Securities Exchange Act of 1934, as amended, including\nstatements regarding the expected benefits of the Restructuring, the expected\ntiming of the ticker symbol change, potential cost reductions, possible\nimprovements in financial performance and exploration of new business\nopportunities. These forward-looking statements involve known and unknown\nrisks and uncertainties and are based on the Company’s current expectations\nand projections about future events that the Company believes may affect its\nfinancial condition, results of operations, business strategy, and financial\nneeds. These forward-looking statements are also based on assumptions\nregarding the Company’s present and future business strategies and the\nenvironment in which the Company will operate in the future. Investors can\nfind many (but not all) of these statements by the use of words such as\n“may,” “will,” “expect,” “anticipate,” “aim,”\n“estimate,” “intend,” “plan,” “believe,” “likely to” or\nother similar expressions. The Company undertakes no obligation to update or\nrevise publicly any forward-looking statements to reflect subsequent events or\ncircumstances, or changes in its expectations, except as may be required by\nlaw. Although the Company believes that the expectations expressed in these\nforward-looking statements are reasonable, it cannot assure you that such\nexpectations will turn out to be correct, and the Company cautions investors\nthat actual results may differ materially from the anticipated results and\nencourages investors to review other factors that may affect its future\nresults in the Company’s annual report on Form 20-F for the fiscal year\nended December 31, 2025 and other filings with the SEC.\n\nCompany Contact:\n\nForcendra Holding Limited Investor Relations\n3 International Business Park #03-29, Nordic European Centre\nSingapore 609927\nEmail: ir@fcdhgroup.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/3967408f-380c-4235-a4eb-36829439e2a8)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-21T20:50:00.13361013Z","server_sent_at_ms":1792615800133},"received_at":"2026-10-21T20:50:00.192Z","source_url":null},"analysis":{"id":"164192","press_release_id":"176204","analysis_json":{"industry":{"label":"Interactive Media & Services","sector":"Communication Services"},"redFlags":["original VS MEDIA business sold for nominal consideration of US$1.00","amended articles allow board to approve disposals of >50% of company assets without shareholder approval","board may redeem Class B shares at board-determined price upon triggering events","divested subsidiaries had generated operating losses and were not expected to reach profitability"],"eventType":"ticker_change","narrative":"Shareholders approved the group restructuring and new articles of Forcendra Holding Limited (formerly VS MEDIA Holdings Limited) with roughly 94% support; the name change became effective October 12, 2026.\n\nUnder the restructuring, the company retains VS MEDIA PTE. LTD. via subsidiary Aurenza Group Limited but will sell VSM Holdings Limited and its remaining subsidiaries to an unaffiliated third party for nominal consideration of US$1.00.\n\nClass A shares are expected to begin trading on Nasdaq under the new ticker FCDH at the open on October 26, 2026, with the CUSIP unchanged.\n\nThe amended articles also lower the director-removal threshold to 50% and permit the board to approve dispositions of more than 50% of company assets without a shareholder vote — governance changes investors should note.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"VS MEDIA becomes Forcendra (FCDH) on Oct 26 after shareholders back a shakeup that sheds the legacy business for $1 — watch for a possible strategic pivot."},"keyFigures":{"customDimensions":{"quorum":"53.60%","new_ticker":"FCDH","new_trading_date":"2026-10-26","divestiture_price":"US$1.00","vote_support_articles":"94.13%","vote_support_restructuring":"94.52%"}},"quotedText":"We believe that streamlining our businesses and corporate structure can help reduce operating costs and may improve our financial performance over time","namedEntities":{"people":[{"name":"Eng Yong Julius Toh","role":"Chief Executive Officer"}],"products":[],"companies":[{"name":"Forcendra Holding Limited","ticker":"VSME","relationship":"filer (formerly VS MEDIA Holdings Limited)"},{"name":"VSM Holdings Limited","relationship":"divested subsidiary"},{"name":"VS MEDIA PTE. LTD.","relationship":"retained Singapore subsidiary"},{"name":"Aurenza Group Limited","relationship":"wholly-owned subsidiary receiving VS MEDIA PTE. LTD."}],"dollarAmounts":[{"amount":"US$1.00","context":"nominal consideration for sale of VSM Holdings Limited and remaining subsidiaries"}]},"materialImpact":{"score":3,"reasoning":"Company-wide restructuring approved by ~94% of votes: name change to Forcendra Holding, ticker change to FCDH on Oct 26, and sale of the original VSM business for US$1.00. Material structural change, but no earnings impact figures stated."},"tickerRelevance":{"others":[],"primary":"VSME"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":["restructuring"],"importanceComponents":{"tickerTier":"micro-cap foreign issuer","eventGravity":"name/ticker change plus group restructuring","issuerAuthored":true,"retailFavoriteBoost":"small — creator-economy name may draw some retail attention"}},"event_type":"ticker_change","event_type_secondary":["restructuring"],"sentiment":"mixed","material_impact_score":3,"narrative":"Shareholders approved the group restructuring and new articles of Forcendra Holding Limited (formerly VS MEDIA Holdings Limited) with roughly 94% support; the name change became effective October 12, 2026.\n\nUnder the restructuring, the company retains VS MEDIA PTE. LTD. via subsidiary Aurenza Group Limited but will sell VSM Holdings Limited and its remaining subsidiaries to an unaffiliated third party for nominal consideration of US$1.00.\n\nClass A shares are expected to begin trading on Nasdaq under the new ticker FCDH at the open on October 26, 2026, with the CUSIP unchanged.\n\nThe amended articles also lower the director-removal threshold to 50% and permit the board to approve dispositions of more than 50% of company assets without a shareholder vote — governance changes investors should note.","key_figures":{"customDimensions":{"quorum":"53.60%","new_ticker":"FCDH","new_trading_date":"2026-10-26","divestiture_price":"US$1.00","vote_support_articles":"94.13%","vote_support_restructuring":"94.52%"}},"named_entities":{"people":[{"name":"Eng Yong Julius Toh","role":"Chief Executive Officer"}],"products":[],"companies":[{"name":"Forcendra Holding Limited","ticker":"VSME","relationship":"filer (formerly VS MEDIA Holdings Limited)"},{"name":"VSM Holdings Limited","relationship":"divested subsidiary"},{"name":"VS MEDIA PTE. LTD.","relationship":"retained Singapore subsidiary"},{"name":"Aurenza Group Limited","relationship":"wholly-owned subsidiary receiving VS MEDIA PTE. LTD."}],"dollarAmounts":[{"amount":"US$1.00","context":"nominal consideration for sale of VSM Holdings Limited and remaining subsidiaries"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-21T20:50:06.373Z","global_importance":25,"audience_relevance":30,"importance_components":{"tickerTier":"micro-cap foreign issuer","eventGravity":"name/ticker change plus group restructuring","issuerAuthored":true,"retailFavoriteBoost":"small — creator-economy name may draw some retail attention"}},"durationMs":6175,"modelName":"glm-5.3-flashx"}}