SYNAGISTICS (02562) Shareholder Deposits Shares in Citibank with Market Value of HK$428 Million

Stock News
Nov 24

Latest data from the Hong Kong Stock Exchange reveals that on November 21, a shareholder of SYNAGISTICS (02562) deposited shares in Citibank, with a market value of HK$428 million, representing 15.16% of the company's holdings.

Previously, SYNAGISTICS announced that its subsidiary plans to issue convertible bonds with a principal amount of US$35 million. The initial conversion price is set at HK$11.96 per share, and the net proceeds of approximately HK$260 million will be allocated for investments in gold, gold-backed, and gold-related products.

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