Starbox Group Proposes Share Consolidation and Capital Hike

Starbox Group Holdings Ltd. (STBX) has released an update.

Starbox Group Holdings Ltd. has announced an extraordinary general meeting for shareholders on October 23, 2024, in Kuala Lumpur, to vote on a major share consolidation and authorized share capital increase. The proposal includes consolidating Class A and Class B ordinary shares and unissued preferred shares on a 16:1 basis, followed by an increase in the authorized share capital from US$999,000 to US$9,990,000. Shareholders on record by September 9, 2024, are eligible to vote at the meeting.

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