BUUU Group agrees to buy 60% stake in modular data center provider Brightray Science
BUUU•Brightray capacity and growth targets
Brightray’s flagship Johor campus has 70 MW in service; management targets about 1 GW of deliveries over the next three fiscal years.
Acquisition terms and ownership structure
BUUU agreed to buy a 60% stake in Brightray Science, gaining control of a modular, prefabricated data-center provider.
Consideration includes newly issued Class A shares priced at USD 20 each, alongside a convertible promissory note for up to 10 million shares.
The note’s conversion is tied to Brightray’s audited post-closing annual net income, with an effective ownership cap of 19.99% of BUUU shares.
Sellers will retain 40% of Brightray; BUUU holds a call option to buy the remainder within three years of closing.
