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

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  • Starbox Group Holdings Ltd's 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.
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