Mergers & Acquisitions ·
BUUU Group Ltd closed its acquisition of a 60% equity interest in Brightray Science Inc., a provider of prefabricated…
BUUUBUUU Group Ltd
BUUU Group Ltd closed its acquisition of a 60% equity interest in Brightray Science Inc., a provider of prefabricated modular data center solutions. The transaction consideration included the issuance of 2,000,000 Class A ordinary shares at US$20.00 per share and a non-negotiable promissory note with an initial face value of US$200,000,000. The note is settleable solely in Class A ordinary shares at the same fixed price, based on Brightray's net profit for fiscal years ending June 30, 2027 through 2029. BUUU Group holds a call option to acquire the remaining 40% interest within three years of closing. Post-transaction, the company has 18,847,500 issued and outstanding ordinary shares, with the seller holding approximately 10.6% of total shares. BUUU Group Ltd operates in the technology infrastructure sector, providing prefabricated modular data center solutions.