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Singapore-based Synagistics begins trading as Hong Kong’s first de-spac

Jovi Ho
Jovi Ho • 3 min read
Singapore-based Synagistics begins trading as Hong Kong’s first de-spac
Olive Tai, CEO of Synagistics (right); Clement Lee, chairman of Synagistics (second from right); and Norman Chan, chairman of HK Acquisition Corporation (centre), hit the gong at the Oct 30 listing ceremony. Photo: Synagistics
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Singapore-headquartered Synagistics, operator of e-commerce solutions platform Synagie, began trading on Oct 30 as the first successful de-spac listing on the Stock Exchange of Hong Kong (SEHK).

Its shares opened at HK$20 ($3.41), before reaching an intra-day high of $50.05.

The shareholders of Hong Kong (HK) Acquisition Corporation, a special purpose acquisition company (spac), had approved the business combination at an extraordinary general meeting on Oct 25.

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