Rich Sparkle Holdings Acquires Khaby Lame's Company, Projecting $4 Billion Annual Sales
Rich Sparkle Holdings Ltd's shares surged 25.5% in pre-market trading, reaching a 52-week high amid a broader market decline.
The significant price increase is due to Rich Sparkle Holdings' acquisition of Khaby Lame's company, Step Distinctive Limited, which is projected to generate annual sales of $4 billion. This acquisition marks a strategic shift towards a full-chain commercialization model, enhancing the company's market competitiveness and stability. Khaby Lame will become a controlling shareholder, aligning short-term monetization with long-term brand building, while Anhui Xiaoheiyang Network Technology Co., Ltd. will hold exclusive global operating rights for 36 months, promoting efficient cross-border operations.
This acquisition not only strengthens Rich Sparkle's market position but also signals a robust growth trajectory, likely attracting further investor interest and confidence in the company's future prospects.
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