Recent Updates — BUUU
BUUU Group Limited's majority-owned subsidiary, Brightray Science Inc., entered into a non-binding Prefabricated Module Sales Framework Agreement with a Macao customer for a planned 40MW AI data center project in Coloane. The facility is designed to deliver approximately 40MW of IT capacity using fully prefabricated steel-structure technology and is expected to be delivered by the third quarter of 2027. The agreement requires Brightray Veridian Pte Ltd to secure a tenant and for the customer to sign a binding lease before definitive sales contracts are negotiated; if these conditions are not met by September 30, 2027, the framework terminates automatically. Pricing is provisional and non-binding. BUUU Group Limited operates in the industrialized AI data center delivery and MICE solutions industry.
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.
On September 3, 2026, BUUU Group Limited entered into a definitive agreement to acquire a 60% equity interest in Brightray Science Inc., a provider of prefabricated modular data center solutions. The purchase consideration includes newly issued Class A Ordinary Shares valued at US$20.00 per share and a promissory note convertible into up to 10 million shares, subject to performance adjustments. Concurrently, BUUU executed private placement agreements to issue units comprising one Class A Share and half a warrant at $10.00 per unit, expected to generate aggregate gross proceeds exceeding US$60 million when combined with potential warrant exercises. Proceeds will fund capacity expansion and working capital for Brightray’s business. Mr. Bin Wang, Brightray’s founder, will join BUUU as Executive Director and Co-Chief Executive Officer. The company is also relocating its headquarters to Singapore. BUUU Group Limited operates in the event management and stage production industry.