M&A - Starbox Group Holdings Ltd.
Form Type: NT 20-F
Filing Date: 2025-01-28
Corporate Action: Acquisition
Type: New
Accession Number: 000149315225003981
Filing Summary: Starbox Group Holdings Ltd. submitted a notification for late filing of Form 20-F for the fiscal year ended September 30, 2024, due to time constraints related to the compilation and review of financial information. The delay was caused by the acquisition of various IT software to enhance capabilities and position in the market, leading to significant financial impacts including an $85.7 million research and development expense and $22.2 million in software acquisition investments. The company is working with its independent accounting firm to complete the necessary financial disclosures and anticipates filing the report within fifteen days of the due date.
Document Link: View Document
Additional details:
Full Name: Starbox Group Holdings Ltd.
Address: VO2-03-07, Velocity Office 2, Lingkaran SV, Sunway Velocity, Kuala Lumpur, 55100, Malaysia
Contact Name: Lee Choon Wooi
Contact Phone: +603 2781 9066
Fiscal Year Ended: 2024-09-30
Significant Changes: Acquisition of IT software for future development initiatives affecting financial results.
Financial Impacts: $85.7 million R&D expense and $22.2 million investments in software acquisitions.
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