Summary by Moomoo AI
On February 19, 2024, Starbox Group Holdings Ltd., headquartered in Kuala Lumpur, Malaysia, successfully completed the acquisition of Trade Router Ltd., a Seychelles-based company. This strategic move involved the issuance of 8,000,000 ordinary shares at a price of US$0.25 per share, totaling US$2,000,000, to acquire 100% of Trade Router's issued and paid-up share capital. The transaction was executed through Starbox Group's wholly owned subsidiary, Starbox International Ltd., and involved the four shareholders of Trade Router. The shares were issued under Rule 902 of Regulation S, with the Trade Router shareholders confirming they were not U.S. residents or persons. The details of the Share Sale Agreement, initially filed on January 26, 2024, were referenced in the Form 6-K filed with the SEC, which is also incorporated by reference into the company's registration statement on Form F-3 and related prospectuses.