On July 18, Baiyi International Group Limited (hereinafter referred to as "Baiyi" or the "Company") (Nasdaq code: BIYA), an HR technology company providing one-stop crowdsourced recruitment and SaaS-enabled human resources solutions through a cloud platform, announced today that it has signed a strategic merger framework agreement (hereinafter referred to as the "Agreement") with Starfish Technology-FZE (hereinafter referred to as "Starfish"), a technology company headquartered in Dubai. According to the agreement, Baiyi intends to acquire all equity and core assets of Starfish. This transaction marks Baiyi's comprehensive transformation into a digital asset and financial technology company, officially entering the "Web3 new era" of the global capital market.
The proposed acquisition covers the UpTop.Meme platform (hereinafter referred to as "UpTop") under Starfish, which is a decentralized liquidity protocol built on the BNB chain. Baiyi will obtain all related intellectual property rights and operational rights of the platform, including decentralized protocols, technical intellectual property, and a complete technical and operational team. Baiyi also plans to integrate its core team to further enhance the platform's technical strength and global operational capabilities. The company expects this merger will bring approximately $15 million in additional profits.
UpTop.Meme is a decentralized liquidity protocol platform built on the BNB chain, aimed at providing on-chain liquidity services for crypto-native digital assets and tokenized US stocks and US Treasury bonds. The platform's goal is to become the world's largest decentralized liquidity infrastructure.
