VS Media Holdings Limited Class A ( (VSME) ) has issued an update.
On January 27, 2025, VS Media Holdings Limited, through its subsidiary VS Media Pte Limited, entered into a Share Purchase Agreement with Mr. Sun Meng to acquire 21% of S T Meng Pte Ltd. This strategic acquisition is aimed at enhancing VS Media’s product sourcing capabilities and expanding its social eCommerce business in Southeast Asia, potentially increasing its margins and market reach.
More about VS Media Holdings Limited Class A
VS Media Holdings Limited is involved in the social eCommerce industry, focusing on expanding its operations and product sourcing in Southeast Asia. The company provides a platform for consumer products and daily necessities, leveraging its market presence in regions such as Singapore, Malaysia, Indonesia, and Hong Kong.
YTD Price Performance: -16.67%
Average Trading Volume: 377,187
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.07M
See more insights into VSME stock on TipRanks’ Stock Analysis page.