Baiya International Group Inc. has announced a significant strategic move with its recent entry into a Share Purchase Agreement to acquire 100% of Dubai-based STARFISH TECHNOLOGY-FZE. The acquisition will also include Starfish’s flagship platform, UpTop.Meme, a groundbreaking decentralized liquidity protocol built on the BNB Chain. This protocol is designed to provide liquidity services for crypto-native digital assets, tokenized U.S. equities, and digital bonds, with the overarching goal of establishing itself as a global leader in decentralized liquidity infrastructure.
The agreement, finalized on September 19, 2025, marks the first crucial step in BIYA’s roadmap towards a comprehensive Web3 strategy. As part of the acquisition, BIYA will issue 2,320,000 newly issued Class A ordinary shares in exchange for all outstanding equity of Starfish. The equity transfer process is already underway, with completion expected by the fourth quarter of 2025, pending customary closing conditions.
This transaction builds upon an earlier strategic framework agreement announced in July 2025, through which BIYA expressed its intention to acquire UpTop as part of its digital transformation initiative. Following an extensive two-month due diligence process, UpTop has met all operational and compliance standards required by BIYA. Furthermore, UpTop recently launched on the Binance Alpha platform, emphasizing its strategic value and the potential synergies of the acquisition.
Siyu Yang, CEO of BIYA, highlighted the significance of this agreement, describing it as a milestone that solidifies the company’s commitment to enhancing its presence in the digital asset and fintech sectors. Yang emphasized that the acquisition not only strengthens BIYA’s existing foundation but also injects new innovation capabilities aligned with its vision of developing a comprehensive digital asset ecosystem. She expressed confidence in the company’s ability to leverage UpTop’s talented team and technological expertise to capitalize on opportunities in blockchain and asset tokenization, ultimately driving sustainable growth.
Baiya International Group Inc. has evolved significantly from its initial role as a job-matching service provider to a robust cloud-based platform offering crowdsourcing recruitment and SaaS-enabled HR solutions. The Gongwuyuan Platform serves as a pivotal element in this transformation, enabling BIYA to create a versatile and efficient HR technology company, particularly in the flexible employment marketplace.
The announcement of the acquisition naturally leads to cautionary notes regarding forward-looking statements. Certain statements from BIYA involve inherent risks and uncertainties that could affect financial conditions and future operational outcomes. The company aims to proactively manage these expectations yet cannot guarantee the realization of anticipated results, urging investors to consider various factors that could influence future performance.
For inquiries or further information, Baiya’s Investor Relations Department is available via phone and email, ensuring open communication as it navigates this transformative phase.
