Zhibao Technology signs deal to buy Malaysia’s NEXSYS TECH for up to $7.5 million in earn-out shares
ZBAO•Zhibao Technology agreed to acquire 100% of Malaysia-based NEXSYS TECH for $1 in cash at closing and up to $7.5 million in contingent Class A ordinary shares. The earn-out depends on up to $3.015 million in cumulative audited net profit over 27 months starting Oct. 1, 2026.
1. Acquisition terms
Zhibao Technology entered a definitive agreement dated Sept. 28, 2026, to acquire all of NEXSYS TECH. Consideration includes $1 in cash at closing and an earn-out of up to $7.5 million, payable only in Class A ordinary shares; the earn-out depends on up to $3.015 million in cumulative audited net profit over a 27-month period beginning Oct. 1, 2026.
2. Planned operations
NEXSYS TECH is newly incorporated and plans to operate in AI computing infrastructure, including high-end GPU servers and hosting or leasing services. Preliminary cooperation arrangements cover data center facilities in East Malaysia and Indonesia with about 26 MW of rack power capacity in total.
