On October 26, Starbox Group And Its Subsidiary, Starbox International Entered Into A Share Sale Agreement With The Current Shareholders Of ProSeeds Limited To Acquire 100% Of The Issued And Paid-Up Share Capital In Exchange For 12M Shares Valued At $12M
Portfolio Pulse from Benzinga Newsdesk
Starbox Group and its subsidiary, Starbox International, have entered into a share sale agreement to acquire 100% of the issued and paid-up share capital of ProSeeds Limited. The deal, valued at $12M, will be paid in 12M shares of Starbox Group.
October 27, 2023 | 12:22 pm
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Starbox Group's acquisition of ProSeeds Limited could potentially increase the company's market value and diversify its portfolio.
Acquisitions often lead to an increase in a company's market value as it expands its portfolio and diversifies its operations. Given that Starbox Group is acquiring 100% of ProSeeds Limited, this could potentially have a significant impact on its stock price.
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