Summary by Moomoo AI
Starbox Group, a company listed in the United States, has filed an amended Schedule 13G/A with the SEC, indicating a change in ownership by significant shareholders. The filing, dated December 31, 2023, and signed on February 13, 2024, reports that ZY Sales & Distribution Sdn. Bhd. and its sole shareholder, Zhang Yong, who is based in Malaysia and China respectively, are no longer beneficial owners of more than five percent of Starbox Group's ordinary shares. The shares in question, amounting to 3,600,000 or 4.3% of the company, were previously held by ZY Sales & Distribution Sdn. Bhd. This marks an exit from a position that once exceeded the five percent threshold, signaling a significant change in the company's shareholder structure.