Core Viewpoint - Baiya International Group Inc. has announced the acquisition of STARFISH TECHNOLOGY-FZE and its platform UpTop, marking a significant step in its digital transformation strategy and Web3 roadmap [1][4]. Group 1: Acquisition Details - The acquisition involves BIYA issuing 2,320,000 newly-issued Class A ordinary shares in exchange for all of Starfish's outstanding equity, with the equity transfer expected to complete in Q4 2025 [2]. - UpTop is a decentralized liquidity protocol on BNB Chain, aimed at providing liquidity services for crypto-native digital assets, tokenized U.S. equities, and digital bonds [1][3]. Group 2: Strategic Importance - This acquisition is described as the "first puzzle piece" in BIYA's comprehensive Web3 strategy, enhancing its capabilities in the digital asset and fintech sectors [1][4]. - The strategic framework for this acquisition was initially outlined in July 2025, emphasizing BIYA's commitment to digital transformation [3]. Group 3: Leadership Commentary - The CEO of BIYA highlighted that this agreement is a significant milestone in the company's strategic transformation, aiming to create a comprehensive digital asset ecosystem and drive long-term growth [4]. Group 4: Company Background - Baiya has transitioned from a job matching service provider to a cloud-based platform offering crowdsourcing recruitment and SaaS-enabled HR solutions, positioning itself as a SaaS-enabled HR technology company [5].
Baiya International Group Signs Definitive Agreement to Acquire Starfish, Marking the First Piece of Its Web3 Strategy