HK Stock Market Move | SYNAGISTICS(02562) fell by more than 11% to a new low. Since early October, the stock has been halved. There have been two large transactions in the stock recently.

SYNAGISTICS (02562) fell more than 11% again, hitting a record low of 7.21 Hong Kong dollars. From early October to now, the stock price has been halved, dropping by 10.88% to 7.29 Hong Kong dollars as of the time of writing, with a trading volume of 81.58 million Hong Kong dollars. On the news front, the latest data from the Hong Kong Stock Exchange shows that on November 5th, SYNAGISTICS shareholders deposited their stocks in Morgan Stanley Hong Kong Securities, with a market value of 1.291 billion Hong Kong dollars, accounting for 32.27%. On October 28th, SYNAGISTICS shareholders deposited their stocks in Lufax Securities (Hong Kong), with a market value of 393 million Hong Kong dollars, accounting for 7.32%. SYNAGISTICS recently announced that its subsidiary plans to issue convertible bonds worth $35 million USD, with an initial conversion price of 11.96 Hong Kong dollars, generating a net amount of approximately 260 million Hong Kong dollars. The funds will be used to invest in gold, gold-backed securities, and gold-related products. It is worth noting that in June of this year, SYNAGISTICS announced its intention to acquire 80% of the equity of a leading Chinese SaaS company. The market speculates that the target company may be Shangyue Technology or JST GROUP, and JST GROUP has already been listed on the Hong Kong Stock Exchange on October 21, 2025.