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 Limited (Nasdaq: BUUU) has announced a definitive agreement to acquire a 60% equity interest in Brightray Science Inc. for $60 million. The transaction, which was disclosed on September 3, 2026, will see BUUU issue newly created Class A Ordinary Shares and a convertible promissory note as part of the purchase consideration. Following the completion of the acquisition, Brightray will become a consolidated subsidiary of BUUU, which is also planning to relocate its corporate headquarters to Singapore.

Brightray Science Inc. specializes in prefabricated modular data center solutions, a sector that is increasingly critical as demand for data processing and storage continues to rise. The company has established a strong foothold in the market, with its flagship project at the Sedenak Tech Park in Johor, Malaysia, where it operates 70MW of capacity. Brightray's innovative approach allows for a significantly reduced delivery timeline of six to nine months, compared to the conventional 18 to 36 months. This efficiency positions Brightray as a key player in an industry that is expected to experience substantial growth, with data center demand projected to nearly triple by 2030.

The strategic rationale behind BUUU's acquisition lies in the growing need for rapid data center deployment, particularly in the context of artificial intelligence (AI) infrastructure. As companies like NVIDIA predict trillions of dollars in AI-related spending over the next decade, the ability to deliver data centers quickly becomes a competitive advantage. Brightray's modular approach, which integrates over 90% of the facility's components in a factory setting, allows it to meet this demand efficiently. BUUU's management has emphasized that the bottleneck in the AI economy is not the chips themselves but rather the infrastructure needed to support them.

In conjunction with the acquisition, BUUU has also entered into private placement agreements expected to generate over $60 million in gross proceeds. These funds will be used to support Brightray's capacity expansion and working capital requirements, further solidifying the company's position in the market. The relocation of BUUU's headquarters to Singapore is strategically aligned with its goal of being closer to key customers and capital markets in the Asia-Pacific region, which is becoming a hub for data center operations.

Overall, this transaction highlights the increasing importance of modular data center solutions in an era defined by rapid technological advancement and a surge in data consumption. As companies seek to capitalize on AI and other emerging technologies, the ability to deploy infrastructure quickly and efficiently will be paramount. BUUU's acquisition of Brightray not only strengthens its portfolio but also positions it to play a pivotal role in the evolving landscape of data center development and deployment.