Starbox Group Transfers One Eighty Holdings Shares
Ticker: STBXF · Form: 6-K · Filed: Jul 23, 2025 · CIK: 1914818
| Field | Detail |
|---|---|
| Company | Starbox Group Holdings Ltd. (STBXF) |
| Form Type | 6-K |
| Filed Date | Jul 23, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-transfer, subsidiary, debt-settlement
TL;DR
Starbox Group dumped 21.6M shares of One Eighty Holdings on June 23rd to settle debts.
AI Summary
On June 23, 2025, Starbox Group Holdings Ltd. transferred 21,642,485 ordinary shares of its indirect subsidiary, One Eighty Holdings Ltd., to two unaffiliated parties. This transfer was made by Starbox Global Ltd., a wholly owned subsidiary, to settle outstanding obligations.
Why It Matters
This share transfer could impact the ownership structure and financial reporting of Starbox Group Holdings Ltd. concerning its subsidiary, One Eighty Holdings Ltd.
Risk Assessment
Risk Level: medium — The transfer of a significant number of shares in a subsidiary could indicate financial strain or a restructuring, warranting closer examination.
Key Numbers
- 21,642,485 — Shares Transferred (Represents the total number of ordinary shares of One Eighty Holdings Ltd. transferred by Starbox Group Holdings Ltd.)
Key Players & Entities
- Starbox Group Holdings Ltd. (company) — Filer and parent company
- One Eighty Holdings Ltd. (company) — Indirect subsidiary whose shares were transferred
- Starbox Global Ltd. (company) — Wholly owned subsidiary that executed the transfer
- 21,642,485 (dollar_amount) — Number of ordinary shares transferred
- June 23, 2025 (date) — Date of the share transfer
FAQ
What was the specific nature of the obligations settled by the share transfer?
The filing states the transfer was made 'as settlement of c', but does not specify the exact nature of the obligations.
Who are the two unaffiliated transferees?
The filing does not disclose the identities of the two unaffiliated transferees.
What is the current ownership percentage of Starbox Group Holdings Ltd. in One Eighty Holdings Ltd. after the transfer?
The filing does not provide the post-transfer ownership percentage, only that One Eighty Holdings Ltd. is an 'indirect subsidiary'.
What is the valuation or book value of the 21,642,485 shares transferred?
The filing does not provide any information regarding the valuation or book value of the transferred shares.
Are there any other planned transfers or divestitures of One Eighty Holdings Ltd. shares?
This filing does not mention any other planned transfers or divestitures of One Eighty Holdings Ltd. shares.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on July 23, 2025 regarding Starbox Group Holdings Ltd. (STBXF).