HK Stock Market Move | SYNAGISTICS (02562) rose nearly 10%, intending to acquire a big data and digital transformation platform company.

SYNAGISTICS (02562) up nearly 10%, as of drafting, up 9.88%, trading at 27.25 Hong Kong dollars, with a turnover of 10.63 million Hong Kong dollars. On the news front, SYNAGISTICS announced on January 23, 2025, that the company entered into a non-legally binding investment intention letter with a potential seller, whereby the company intends to potentially acquire up to 100% equity interest in the target company as stated in the investment intention letter. The cost of the potential acquisition will be determined after further negotiation between the parties. The potential target company is a limited company established in China, a Chinese big data and digital transformation platform company founded in 2011. The company has over 1,000 enterprise and brand customers in five major industry sectors, including some of China's largest state-owned enterprises and retail brands that use the potential target group's patented platform solutions to manage their business processes (including data management and analysis, e-commerce, ERP, and CRM, all provided through a comprehensive integrated SAAS model).