SYNAGISTICS (02562) saw its share price climb 9.46% in early trading, currently trading at HK$21.06 with a turnover of HK$419 million.

SYNAGISTICS announced that the company has signed an investment letter of intent with potential sellers to acquire 100% equity of a Singapore-based enterprise that holds a leading position in artificial intelligence, blockchain, decentralized finance (DeFi), and stablecoin sectors through the issuance of new shares. This acquisition aligns with SYNAGISTICS' strategy to deepen its layout in artificial intelligence, blockchain, and digital finance sectors, and is expected to bring multiple synergistic effects including AI infrastructure and ecosystem expansion, digital finance and stablecoin innovation, and global market penetration. The investment letter of intent remains valid for nine months from the signing date, with the final transaction subject to due diligence and formal agreement execution.

According to the announcement, the target group operates in over 70 countries globally and maintains a network of more than 400,000 AI and blockchain engineers. The company has successfully launched Singapore's first government-supported blockchain accelerator and has participated in promoting the scaled application of USDC stablecoin. Upon completion of the transaction, the target group's management and founders will provide three-year revenue and profit guarantees. The target group has backing from renowned global institutional investors including Canada Pension Plan Investment Board (OMERS), Malaysia's sovereign fund Khazanah, and Indonesia's Mandiri Bank.