BRIEF: Synagistics to acquire Chinese AI firm for $30 million
Southeast Asian e-commerce company Synagistics Ltd. (2562.HK) announced on Monday it has entered into a subscription option deed to acquire Chinese AI firm Movitech Co. for $30 million. Under the…
A hydrogen listing, and a new China toy story
A young company called Scage is close to listing in New York through a backdoor SPAC merger. Is it really worth the high valuation it's seeking? And 52Toys has hired an investment bank for a Hong Kong IPO. Will it be able to sell investors on its toy story of rapid expansion and hot collectibles?
BRIEF: ZG Group completes De-SPAC listing, makes Hong Kong trading debut
Hong Kong’s young market for listings using special purpose acquisition companies (SPAC) completed its second such listing, as Chinese steel-trading platform ZG Group (6676.HK) successfully merged with Aquila Acquisition Corp.…
An Apple Anti-Trust Probe, and Hong Kong’s Second SPAC Merger
China is reportedly preparing to attack Apple on anti-trust grounds related to its app store operation. What's driving this probe? And steel trader ZG Group nears a Hong Kong listing through a SPAC merger, only the second since the city launched its SPAC program three years ago. Why has progress been so slow?
Youlife chases SPAC listing after death of Hong Kong IPO
The provider of services for blue-collar workers is nearing completion of a Nasdaq SPAC listing to raise a modest amount of cash Key Takeways: Youlife was approved by China’s securities…
ZG Group set to forge Hong Kong’s second De-SPAC listing
Shareholders of Acquila Acquisition Corp. will vote on a merger with the steel-trading platform on Feb. 27, paving the way for ZG Group to make its trading debut on March…
BRIEF: Synagistics completes Hong Kong’s first listing via SPAC merger
Southeast Asian e-commerce company Synagistics Ltd. (2562.HK) announced on Wednesday it completed its merger with HK Acquisition Corp., making it the first company to list in Hong Kong using a…