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

PUBT·09/04/2026 02:52:11
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BUUU Group agrees to buy 60% stake in modular data center provider Brightray Science
  • 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.
  • Brightray’s flagship Johor campus has 70 MW in service; management targets about 1 GW of deliveries over the next three fiscal years.


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: 202609032251PR_NEWS_EUPR__FR_FR40138) on September 04, 2026, and is solely responsible for the information contained therein.