BRIEF: Synagistics’ shares surge on acquisition plan
Digital solutions provider Synagistics Ltd. (2562.HK) announced on Thursday it has agreed to acquire up to 100% of a big data and digital transformation platform company for an undisclosed price.
Synagistics said the target company, which it did not name, serves over 1,000 enterprise and brand clients across five major industries, including some of China’s largest state-owned enterprises and retail brands.
The company believes that the acquisition will not only provide access to a major new customer base but will also expand its digital business in Southeast Asia. Synagistics’ stock opened up 3.2% at HK$25.6 on Thursday, and extended those gains to close up 12.1% at HK$27.80 by the midday break.
By Lee Shih Ta
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