HK Stock Market Move | SYNAGISTICS (02562) rises by over 8% again, planning to acquire leading companies in artificial intelligence and blockchain industries, expanding its layout in the digital financial sector.

SYNAGISTICS (02562) rises by more than 8%, as of the time of this report, it has risen by 8.11%, reaching 20.8 Hong Kong dollars, with a turnover of 2.27 billion Hong Kong dollars. In terms of news, SYNAGISTICS announced that the company has signed an investment intention letter with a potential seller, intending to acquire all the shares of a leading Singapore company in the fields of artificial intelligence, blockchain, decentralized finance (DeFi), and stablecoins through the issuance of new shares. This acquisition aligns with SYNAGISTICS' strategic plan to deepen its layout in the fields of artificial intelligence, blockchain, and digital finance, and is expected to bring multiple synergies such as the expansion of artificial intelligence infrastructure and ecosystem, innovation in digital finance and stablecoins, and global market penetration. The investment intention letter is valid for nine months from the date of signing, and the final transaction is subject to due diligence and formal agreement signing. According to the announcement, the target group operates in more than 70 countries worldwide, with a network of over 400,000 AI and blockchain engineers. They have successfully launched Singapore's first government-supported blockchain accelerator and participated in promoting the mass application of USDC stablecoins. After the completion of the transaction, the management team and founders of the target group will provide a guarantee of income and profits for three years. The target group has global renowned institutional investors, including Canadian pension fund OMERS, Malaysian sovereign fund Khazanah, and Indonesia's Mandiri Bank.