BUUU Group Enters Agreement To Buy 60% Stake In Brightray Science
BUUU•Agreement to acquire majority stake in Brightray Science
Sept. 3 (Reuters) - BUUU Group Ltd BUUU.O:
- BUUU Group Limited signs definitive agreement to acquire majority stake in Brightray Science Inc. and over US$60 million of private placements, making industrialized AI data center delivery its core growth business
- BUUU Group enters agreement to buy 60% stake in Brightray Science
- BUUU Group - consideration includes BUUU Class A shares at $20 per share and note convertible into 10 million shares
- BUUU Group - holds call option to buy remaining Brightray interest within three years
- BUUU Group - to relocate corporate headquarters to Singapore
- BUUU Group - pipeline expected to reach 2GW, about $9 billion in potential contract value
