Starbox Bags $2.8M Contract In Malaysia For Licensing Its Software

Starbox Group Holdings Ltd's (NASDAQ:STBX) Malaysian subsidiary, Starbox Rebates Sdn. Bhd., has entered into a Software Licensing Agreement with Brandavision Sdn Bhd, a media and advertising firm in Malaysia.
As per the agreement, Starbox has agreed to provide technology support to help Brandavision use the data management system to target customers better and improve operational efficiency.
The contract period is for three years, and the contract sum totals RM12.40 million (equivalent to $2.8 million).
Additionally, Starbox will grant Brandavision access to its data management system and will help train the staff of Brandavision.
Price Action: STBX shares are trading lower by 3.79% at $3.30 premarket on Friday.