Junee Limited Announces the Acquisition of a 51% Stake in MindEnergy, a Provider of AI Server Design and Software Solutions, Aiming to Accelerate the Development of AI Training and Inference Servers and Enhance AI Computing Capabilities Using Advanced Open-Source AI Models Such as DeepSeek R1 and Meta Llama 3
SINGAPORE, March 12, 2025 /PRNewswire/ -- Junee Limited (hereinafter referred to as "the Company") today announced that it has reached an agreement to acquire a 51% stake in MindEnergy AI Technology Pte. Ltd. ("MindEnergy"). This investment will further enhance the Company's AI computing capabilities, drive innovation in AI training and inference servers, and mark the Company's strategic transformative shift into the AI sector.
Pursuant to the Share Purchase Agreement, the initial consideration shall be $250,000 and the total purchase price could be up to USD 9,800,000. The consideration will be paid in newly issued ordinary shares of the Company at an issuance price of USD 4.00 per ordinar
