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Singapore, March 12, 2025 – Junee Limited announced it has agreed to acquire a 51% stake in MindEnergy AI Technology Pte. Ltd. This investment aims to enhance the Company’s AI computing capabilities and drive innovation in AI training and inference servers, marking a strategic shift into the AI sector.
The initial consideration is $250,000, with a total potential purchase price of up to USD 9,800,000, paid in newly issued ordinary shares of the Company at USD 4.00 per share. Initially, 62,500 ordinary shares will be issued. Additional shares may be issued based on the Seller's success in collecting accounts receivable owed to MindEnergy, up to a maximum of 2,450,000 shares.
Key Advantages of the Acquisition:
- Strategic Transformation and Market Entry: Junee Limited will leverage MindEnergy’s technology to enter the AI computing market, transitioning from traditional industries.
- Enhanced AI Computing Capabilities: The Company plans to introduce integrated AI server solutions using open-source AI models like DeepSeek R1 and Meta Llama 3, optimizing AI training and inference servers.
- Expanding Market Opportunities: Strengthening competitiveness in the AI server market.
MindEnergy specializes in AI server design and software solutions, providing computing power for generative AI and deep learning. The collaboration aims to develop next-generation AI training and inference servers, supporting the global AI industry.