Yesterday, Southeast Asian e-commerce outsourcing company Synagistics went public on the Hong Kong Stock Exchange in the form of De SPAC, becoming the first merger and acquisition transaction case since the establishment of the SPAC listing mechanism in Hong Kong in 2022. Unlike traditional listings, Synagistics was acquired by SPAC (Special Purpose Acquisition Company) as the target company and went public. After going public, the company was renamed as Lion Teng Holdings.