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S’pore-headquartered Synagistics to begin trading on Oct 30 as Hong Kong’s first successful de-spac

Jovi Ho
Jovi Ho • 2 min read
S’pore-headquartered Synagistics to begin trading on Oct 30 as Hong Kong’s first successful de-spac
Synagie co-founder and managing director Olive Tai. Synagie was listed on the Singapore Exchange in August 2018, before Alibaba took the e-commerce solutions platform private in November 2020. Photo: Albert Chua/The Edge Singapore
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Singapore-headquartered Synagistics, operator of e-commerce solutions platform Synagie, will become the first successful de-spac listing on the Stock Exchange of Hong Kong (SEHK).

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

The transaction is expected to be complete on Oct 30, at which point HK Acquisition Corporation will become Synagistics Limited and its shares will commence trading under that name on the SEHK.

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