BUUU Group signs deal to buy 60% stake in modular data center provider Brightray Science

Reuters2026/09/07 02:00

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BUUU agreed to buy a 60% stake in Brightray Science, a prefabricated modular data-center solutions provider, making it a consolidated subsidiary.
Consideration includes newly issued Class A shares priced at USD 20 per share, alongside a convertible note for up to 10 million shares.
The convertible note is subject to adjustment tied to Brightray’s audited annual net profit, capped at 19.99% of BUUU shares outstanding.
Sellers will retain 40% of Brightray; BUUU secured a call option to buy the remaining stake within three years of closing.
Transaction also brings Brightray founder Bin Wang in as executive director and co-CEO; BUUU plans to relocate its headquarters to Singapore.

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. BUUU Group Limited published the original content used to generate this news brief via PR Newswire (Ref. ID: GE40138) on September 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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BUUU Group signs deal to buy 60% stake in modular data center provider Brightray Science

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