Hong Kong’s first successful de-SPAC listing – Business combination of Synagistics and Hong Kong Acquisition Corporation

Acted for Synagistics Pte. Ltd. in the de-SPAC transaction involving the business combination of Synagistics with the SPAC whereby Synagistics will become a subsidiary of the SPAC through an amalgamation under Section 215A of the Companies Act of Singapore 1967, and the listing of Synagistics on the Main Board of the Stock Exchange of Hong Kong Limited following completion of the business combination. This transaction is Hong Kong’s first ever de-SPAC transaction since the city’s stock exchange announced its SPAC rules in 2021. Partners Hoon Chi Tern, Lee Xin Mei and Eugene Lee led the transaction.