Rich Sparkle Holdings to Acquire Step Distinctive Limited for $975 Million in Share Deal

Reuters01-09

Rich Sparkle Holdings to Acquire Step Distinctive Limited for $975 Million in Share Deal

Rich Sparkle Holdings Ltd. has entered into a sale and purchase agreement to acquire the entire issued share capital of Step Distinctive Limited for US$975 million. The consideration will be satisfied through the issuance of 75 million ordinary shares of Rich Sparkle Holdings Ltd. to the vendors. Step Distinctive Limited, incorporated in the British Virgin Islands, holds full ownership of Hong Kong Prosperous Sheep Corporation Limited and operates in the e-commerce live streaming sector. Influencer Serigne Khabane Lame, who directly and indirectly controls 49% of the target company, will continue to lead the business following the completion of the transaction. The deal is subject to conditions including a satisfactory valuation and due diligence.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rich Sparkle Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-002713), on January 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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