Summary by Futu AI
On January 26, 2024, Starbox Group Holdings Ltd., a Cayman Islands-based company, and its subsidiary, Starbox International Ltd., entered into a share sale agreement with the shareholders of Trade Router Ltd. Under the agreement, Starbox International will acquire all 100,000 shares of Trade Router, representing the entire share capital of the Seychelles-incorporated company. The transaction involves the issuance of 8 million ordinary shares of Starbox Group Holdings to the Trade Router shareholders, valued at $2 million. The closing date for the share transfer will be determined upon the fulfillment of the conditions outlined in the Share Sale Agreement. The board of directors of Starbox Group Holdings approved the transaction on the same day. The Share Sale Agreement is attached as Exhibit 10.1 to 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.