Oceanscape International Moves to Exit Loss-Making Insurtech Business

V2Y Corporation Ltd. ( (SG:V2Y) ) has shared an announcement.

At an extraordinary general meeting held in Singapore on 29 December 2025, Oceanscape International Limited obtained shareholder consideration for an ordinary resolution concerning the proposed disposal of all issued ordinary shares in its subsidiaries 1Care Global Pte. Ltd. and V2Y Insurtech Pte. Ltd., effectively marking its planned exit from the insurtech business. The board explained that the insurtech operations have been loss-making for the past three financial years and, following a strategic review, concluded that these losses were likely to continue; the directors therefore believe divesting the two entities and withdrawing from insurtech is in the best interests of the company and its shareholders, signalling a significant reshaping of its business focus and cost structure.

The most recent analyst rating on (SG:V2Y) stock is a Sell with a S$0.01 price target. To see the full list of analyst forecasts on V2Y Corporation Ltd. stock, see the SG:V2Y Stock Forecast page.

More about V2Y Corporation Ltd.

Oceanscape International Limited, formerly known as V2Y Corporation Ltd., is a Singapore-incorporated company that has operated an insurtech business through subsidiaries including 1Care Global Pte. Ltd. and V2Y Insurtech Pte. Ltd., providing technology-driven insurance-related services. The group has been reassessing its portfolio following several years of losses in this segment, reflecting a strategic shift away from unprofitable lines within the broader insurance technology space.

Average Trading Volume: 305,100

Technical Sentiment Signal: Sell

Current Market Cap: S$3.71M

For an in-depth examination of V2Y stock, go to TipRanks’ Overview page.