SYNAGISTICS (02562) announced that on September 12, 2025, the company entered into a legally binding letter of intent with potential vendors for a proposed acquisition of all issued equity interests in the target company as set out in the letter of intent. As part of the proposed acquisition, management and founders of the target group will provide three-year revenue and profit guarantees. The consideration for the proposed acquisition will be paid through the allotment and issuance of new shares of the company.
The target group boasts reputable global institutional investors, including OMERS (Ontario Municipal Employees Retirement System - Canada Pension Fund), Mandiri Investment (subsidiary of Indonesia's largest bank), Khazanah Nasional Berhad (Malaysia's sovereign fund), KB Investment (subsidiary of one of Korea's largest banks), Korea Investment Partners (Korea's largest venture capital firm), PwC Singapore, and Mark Cuban Companies, as well as a network of strategic angel investors and industry operators - fully demonstrating the target group's credibility and international influence. Upon completion of the proposed acquisition, these global institutional investors are expected to become shareholders of SYNAGISTICS.
Founded in Singapore, the target group has become a global leader in accelerating software innovation and ecosystem development for artificial intelligence, blockchain, decentralized finance and stablecoin technologies, including the development and successful launch of stablecoin platforms and infrastructure.
The proposed acquisition represents a significant milestone for SYNAGISTICS. The target group's market-proven expertise in artificial intelligence, blockchain, decentralized finance and stablecoin fields, global developer community and strong brand recognition, combined with the three-year revenue and profit guarantees provided by management and the target group's founders, will enable SYNAGISTICS to accelerate the expansion of next-generation technology business growth and unlock tremendous value for shareholders.
The company firmly believes that upon completion of this proposed acquisition, it will contribute to the company's business growth, enhance the company's financial and operational performance, and establish a better foundation for the group's long-term growth and market leadership position in the global artificial intelligence and decentralized finance ecosystem, as well as accelerate enterprise artificial intelligence applications and decentralized finance innovation.