BUUU Group Agrees To Acquire 60% Stake In Brightray Science At Newly Issued BUUU Class A Ordinary Shares At $20 Per Share
BUUU Group Limited (NASDAQ:BUUU) ("BUUU" or the "Company") today announced that it has entered into a definitive agreement to acquire a 60% equity interest in Brightray Science Inc.
BUUU Group is buying most of a company called Brightray Science by giving out new shares (pieces of ownership) worth $20 each. When a company buys another company, it can grow bigger, but you should watch if this new business actually makes money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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