HK Stock Market Move | SYNAGISTICS (02562) rose by over 6% in the morning, planning to spend 30 million US dollars to acquire all the shares of Mengtuo Digital Technology.

SYNAGISTICS (02562) rose more than 6% in the morning, as of the time of writing, it was up 5.9% at HK$15.08, with a turnover of HK$1411.96 million. On the news side, SYNAGISTICS announced that on March 31, 2025, the company, as the grantee, and the shareholders of the target company, as the grantor, entered into a call option agreement, in which the grantor agreed to grant the company a call option to acquire up to 100% equity of Mengtuo Digital Technology (Suzhou) Co., Ltd. (Mengtuo Digital Technology or the "Target Company", together with its subsidiaries referred to as the "Target Group"). The grantors have pledged to the company that for the three fiscal years from January 1, 2025 to December 31, 2027, the total revenue of the target company shall not be less than RMB 540 million (guaranteed revenue) and the total after-tax net profit of the target company shall not be less than RMB 66 million (guaranteed after-tax net profit). The announcement stated that the Chinese AI transformation field is expected to continue growing in the near future. According to data from CCID CONSULTING (a market research company), the market size of the Chinese AI transformation field is estimated to reach USD 238.4 billion (approximately RMB 1.83 trillion) by 2035. As more and more Chinese enterprises invest in digital solutions to adapt their business processes to future needs, the company believes that the new data economy will be a key driver of economic growth in China.