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HK Acquisition Corporation has announced an EGM date of 25 October 2024 to approve the proposed business combination with Synagistics announced on 28 June 2024. The proposed business combination values Synagistics at HK$3.5 billion. An Independent Board Committee has concluded that the proposal is "fair and reasonable" and recommends that independent shareholders vote in favor of the transaction. If the transaction is approved and closes, it will represent the first successful De-SPAC transaction on the Hong Kong Stock Exchange since the implementation of new SPAC rules in 2022 The transaction is expected to close on 30 October 2024, at which time HK Acquisition Corporation will become Synagistics Limited and commence trading of its shares and warrants under that name on the Hong Kong Stock Exchange. HONG KONG, Oct. 3, 2024 /PRNewswire/ -- The Board of Directors of HK Acquisition Corporation (the "Company", Stock Code: 7841.HK), a special purpose acquisition company (SPAC), today announced that it has called an Extraordinary General Meeting ("EGM") for 25 October 2024 to approve its proposed business combination (the "Business Combination") with Synagistics Pte. Ltd. ("Synagistics" or the "Target Company"), a data-driven digital solutions platform in Southeast Asia. The Business Combination was first announced on 28 June 2024. The Company and Synagistics have secured investment commitments from ten PIPE investors for an aggregate amount of HK$551 million. The Independent Board Committee (the "IBC"), established to evaluate the proposed transaction, has concluded that the proposal is "fair and reasonable" and in the best interests of the Company and its shareholders. The IBC has recommended that the independent shareholders vote in favor of the resolutions to approve the De-SPAC transaction at the upcoming EGM. The proposed business combination values Synagistics at a negotiated value of HK$3.5 billion. Upon completion of the transaction, Synagistics will become a subsidiary of the Company, the securities of which will be publicly traded on the Hong Kong Stock Exchange under the stock code 2562.HK and the warrant code 2461.HK. Dr. Norman Chan, Chairman and Executive Director at HK Acquisition Corporation said, "We selected Synagistics after an extensive evaluation process, and we have great confidence in Synagistics' marketing position, growth potential and the management team's capabilities. We believe this combination with Synagistics will deliver attractive returns for shareholders and contribute to the advancement of the digital economy, and we encourage SPAC shareholders to vote in favor of the transaction." Key benefits of the De-SPAC transaction Synagistics is a first mover in the digital solutions market in Southeast Asia As one of the first movers in the digital solutions industry in Southeast Asia, Synagistics has established long-term relationships with brands and major e-commerce channels, leveraging its solutions and technological capabilities via its proprietary Synagie Platform. Capable of benefiting from consumer premiumization in Southeast Asia As a multi-regional digital solutions provider in Southeast Asia, Synagistics is well-positioned to enable its brand partners to benefit from consumer premiumization trends. This growth will be driven by strong economic growth, a large proportion of young population, the increasing number of mass-affluent individuals, and high internet penetration. Synagistics' scalable, asset-light business model allows it to more easily improve its inventory management, scale its business, strengthen its ecosystem of partnerships, and drive revenue growth. Proceeds from the De-SPAC and access to the public market will further accelerate Synagistics growth The proceeds will be mainly used to expand its brand partner network and develop new commerce channels, create opportunities through mergers and acquisitions, joint ventures, strategic investments, and alliances, and invest in and continue to adopt advanced technology and AI. Details of the EGM The EGM will be held at 8:00am on 25 October 2024 in the Hong Kong Room at 28/F, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong. The purpose of the EGM is to seek approval for the proposed business combination with Synagistics and other related resolutions. Shareholders are strongly encouraged to participate and cast their vote in person or by proxy (or to give instructions to their broker, custodian, nominee or other relevant person). Proxy form for the EGM is included in the Circular, which was dispatched to shareholders on 3 October 2024 and is available on the Hong Kong Stock Exchange website. Beneficial owners whose shares are deposited in CCASS should contact their broker, custodian, nominee or other relevant person who is, or has in turn deposited such shares with, a HKSCC participant regarding voting instructions to be given to such persons. - END – About HK Acquisition Corporation HK Acquisition Corporation (7841: HK) is a special purpose acquisition company incorporated for the purpose of conducting an acquisition of, or a business combination with, one or more companies or operating businesses. The Company completed the SPAC Offering comprising 100,050,000 SPAC Shares at an issue price of HK$10.00 per SPAC Share and 50,025,000 SPAC Warrants on August 15, 2022. About Synagistics Ptd. Ltd. Synagistics Pte. Ltd. operates the Synagie Platform, a data-driven digital solutions platform in Southeast Asia. It was among the top ten digital solutions providers in Southeast Asia with a market share of approximately 3.0% in terms of revenue in 2023, according to China Insights Industry Consultancy Limited. It provides integrated digital solutions to its brand partners via two core propositions: (1) its direct-to-brands model helps brands to manage the full spectrum of their e-commerce business, while creating a unified experience for customers throughout the entire consumer journey, and (2) its direct-to-consumers model sells brands' products directly to consumers through online stores owned by Synagistics and operated under the name of its brand partners across various e-commerce channels. These materials are not for distribution, directly or indirectly, in or into the United States or any jurisdiction where such distribution is not permitted. These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933.
BANGKOK, Oct. 3, 2024 /PRNewswire/ -- Huawei continues to expand its enterprise market, announcing the appointment of "SVOA Public Company Limited" as its latest partner in driving enterprise technology for small and medium-sized enterprises (SMEs) in Thailand. This move aligns with the mission to bringing digital to every person, home, and organization for a fully connected, intelligent world. The management team of SVOA Public Company Limited and Huawei on the occasion of jointly announcing cooperation to expand the SME market business in Thailand Mr. William Zhang, President of Enterprise Business, Huawei Technologies (Thailand) Co., Ltd., stated that business growth trends continue, driven by technological changes across industries and businesses of all sizes. Huawei understands the diverse technological needs of businesses in each sector, from small to large organizations, to design products and solutions that meet the actual usage requirements of each organization. The collaboration with SVOA Public Company Limited as an official HUAWEI Gold Distribution Partner in Thailand marks another successful step for Huawei in expanding channels to bring technology to organizations of all sizes. SVOA's strength lies in its 40-year history as a major distributor of technology products, both hardware and software, in Thailand. Under this partnership, SVOA will be able to offer enterprise-level technology solutions to a broader market through products under the HUAWEI eKit brand. This product line consists of products and solutions designed specifically to meet the needs of small organizations, applying experiences from the global ICT industry and digital transformation. "Huawei has been operating in Thailand for over 25 years, bringing expertise in information and communication technology to support digital transformation across various industries. With digital transformation, many SMEs have turned to digital technology to increase efficiency and enhance innovation in their businesses. The HUAWEI eKit approach will offer products, solutions, and platforms tailored for the SME market to support business expansion and capture new opportunities in the digital era," Mr. Zhang added. Ms. Kulapa Intanate, Chief Executive Officer of SVOA Public Company Limited, said that this collaboration with Huawei will further the company's commitment to being a leader in Thailand's IT business and contributing to the development of the Thai IT industry. This aligns with the goals of both organizations to create growth, development, and offer quality new products, services, and technologies. The initial plan for promoting HUAWEI eKit will focus primarily on network products, which the company views as essential basic technology for data connectivity in organizations of all sizes. HUAWEI eKit product line for 2024 includes dozens of items, including the Datacom Network series. This series features Access Point Switches, Multi-Service gateways in the S220S and S310S series with converged access supporting GE and 2.5G, and the flagship Access Point model AP361. In addition, there are various models of the intelligent IdeaHub display, designed for upgrading offices and smart classrooms under the concept of intelligent collaboration. The product line also includes high-capacity MiniFTTO optical gateway devices. These products are suitable for marketing to small businesses while maintaining outstanding competitiveness in the market. In the future, HUAWEI eKit will continue to design suitable products for ease of use, develop a strong sales channel system, and create a market that can grow completely. Through appropriate marketing systems and efficient work platforms, HUAWEI eKit will help partners develop representatives at various levels, including installers and retail agents. Huawei is confident that cooperation with partners will help drive the development of the SME market in the country effectively.
First-of-its-Kind Solution Enables Overseas Entities to Authenticate and Verify Chinese IDs PETALING JAYA, Malaysia, Oct. 3, 2024 /PRNewswire/ -- Zetrix, a layer-1 public blockchain platform, today launched a first-of-its-kind application that enables official identities of Chinese nationals ("Chinese Digital IDs") to be authenticated and verified digitally overseas, paving the way for a seamless, efficient, and secure verification process for verifiers and identity holders. Zetrix Launches Chinese Digital ID Identity Verification Service on ZCert Through the ZCert service, Zetrix now simplifies and facilitates electronic Know Your Customer ("eKYC") processes for entities outside of China wishing to verify the authenticity of information contained in the Digital IDs presented to them by Chinese nationals. This pioneering service has been made possible through Zetrix's unique integration to China's national public blockchain Xinghuo BIF. Chinese nationals can choose to publish their Digital IDs on Xinghuo BIF and upon doing so, the data can then be accessed by verifying entities outside of China through the ZCert service on Zetrix, which operates the Xinghuo International Supernode, known as Astron. "We are truly excited about the introduction of this cross-border Digital ID service as it enables a new wave of services powered by smart contracts. KYC processes can now be a simplified and automated process. Furthermore, user data is retained by users at all times and only critical information is shared in an encrypted manner," said TS Wong, co-founder of Zetrix. "Payments on Web 3 platforms can now be executed fully in compliance with existing rules. Our Chinese Digital ID application combined with Malaysia's National ID and WorldID and future sovereign IDs, makes ZCert the most comprehensive global Digital ID solution," he added. "Creating cross-border trust is of great importance, especially the verification of digital identity, credentials and documents. We would like to create a trusted data channel, together with MYEG, to facilitate the international cooperation between China and Malaysia and the rest of the world in the digital age," said Xiaoyu You, Head of International Cooperation Department of the Institute of Industrial Internet & IoT, China Academy of Information and Communications Technology ("CAICT"), which is responsible for the development, execution and implementation of Xinghuo BIF. Leveraging on the unparalleled advantages of blockchain technology, the new ZCert service provides a more advanced, convenient, reliable and secure method of verifying identity information in real-time, thus bringing a more pleasant overall experience to identity holders and verifying entities alike when compared with conventional credential verification methods. The immutability of blockchain means verifiers will be able to confirm that National IDs issued and accessed through the Xinghuo-Zetrix collaboration are authentic, genuine and have not been altered. This may not be the case for conventional ID cards, whether in their physical or digital image forms, as these may be subject to tampering, fraud, or forgery using image editing tools, and verifiers have no immediate, trustworthy method to assess their authenticity. Furthermore, the new National ID verification service on ZCert takes full advantage of the Self-Sovereign Identity framework within Web3 technology, enabling identity holders to selectively disclose relevant information such as name or home address without having to share other non-relevant personal data, hence ensuring improved privacy protection. In contrast, the use of conventional ID cards in their static physical or digital image forms does not provide similar safeguards as all information are static and already openly displayed. In addition, a significant advantage of opting for the use of verifiable digital IDs is that since they are dynamic in nature, user data can be updated by authorised issuers to reflect the most current personal information of the holder, ensuring precision and accuracy. The launch of the Chinese Digital IDs verification facility is the latest innovation on ZCert and comes just months after it introduced a service for Chinese driving licences to be digitised and accessed overseas for verification purposes. It is expected that the ZCert cross-border credentials verification service will be progressively expanded in the coming months to include other documents of critical importance to individuals and businesses. More information on ZCert is available at https://www.zetrix.com/zcert/ About ZetrixZetrix is a layer-1 public blockchain that facilitates smart contracts and delivers privacy, security and scalability. Zetrix's cryptographic infrastructure can be introduced to multiple industries to connect governments, businesses and their citizens to a global blockchain-based economy. Developed by MY E.G. Services Bhd, the cross-border and cross-chain integration with China enables Zetrix to serve as a blockchain gateway that facilitates global trade by deploying critical building blocks for Web3 services such as Blockchain-based Identifiers (BID) and Verifiable Credentials (VC).
Best-in-class, highly selective separations technology for the radiopharmaceuticals industry Exhibitor at the European Association of Nuclear Medicine (EANM) Congress in Hamburg, Germany 20-23 October 2024 at Booth S14 (Exhibition Hall 3) Over 36 years of experience with first generation flowsheets for highly selective separation of radium (Ra), lead (Pb), thorium (Th), actinium (Ac), bismuth (Bi), copper (Cu) and others Highly selective purification of Ra-228 incorporated in Pb-212 flowsheet used by OranoMed to produce AlphaMedix for treatment of neuroendocrine tumors (NETs) Second generation flowsheets to drive increased availability and scaleability of critical radioisotope supply, including Pb-212, Ac-225, Ra-226, Th-227, Bi-213 and others Highly selective recovery of radium to nanogram per liter concentrations from brines, mining streams and nuclear wastes Waste minimization Industrial manufacturing capability AMERICAN FORK, Utah, Oct. 3, 2024 /PRNewswire/ -- IBC Advanced Technologies Inc. (IBC) announces the launch of its subsidiary, RadSep Inc. (RadSep), dedicated to best-in-class, highly selective separations technology for the radiopharmaceuticals industry. RadSep's proprietary Molecular Recognition Technology™ (MRT™) introduces a comprehensive approach to separating upstream radioisotopes used in the production of feedstocks, as well as downstream radioisotopes used directly in the manufacture of drug products for radioligand therapies (RLTs). When embedded in a production process, including in a Current Good Manufacturing Practice (cGMP) environment, MRT™ enables highly selective, single-step separation of critical radioisotopes, benefiting the supply chain and alleviating shortages caused by sub-optimal separation processes, such as ion exchange resins. MRT™ can thus be used in the industrial setting in order to conserve and recycle critical radioisotopes such as Ra-226. MRT™ ligands are tailored to target specific ions in terms of matching their shapes and co-ordination chemistry. These molecules are covalently attached to support materials such as organic polymers or silicates to create reusable MRT™ resins that bind metals with exceptional selectivity in packed column mode, including radioisotopes of radium, lead, thorium, actinium, bismuth, copper and others. The bound target radioisotope is removed via elution with very high rates of purity and recovery, up to 99.99% pure and 99.9+% yield, using chemically simple solutions. Independent expert studies have shown MRT™ resins to have: Lowest cost of use and least waste generation (compared against four other resin-based protocols for Ra-226 separation) 1 High selectivity, more rapid procedures, decreased costs and reduced waste 2 Strong retention of radium over the entire acid range of 0.01–10 M HCl and HNO3, with distribution coefficients (Kd) of >250 L/kg 3 Radium recovery approaching 100% 4 Recent global shortages of the therapeutic radioisotope Ac-225, as well as difficulties with upscaling supply of other alpha emitters such as Pb-212, have caused uncertainty around the availability and sustainability of numerous radioisotopes. Supply outages and increasingly critical shortages have begun to impact the pace of clinical development, posing an increased risk to continuity of supply for dozens of ongoing and planned oncology clinical trials. In parallel, increased regulatory scrutiny of the impurity profile of starting materials and radioisotopes used in therapeutic drug products (Ac-225 and Pb-212) demands new technology be made available to manufacturers, delivering a step-change in the quality, purity and durability of radioisotope production. IBC's innovative MRT™ flowsheets, launched in 2023, have been designed specifically to equip producers of Ac-225 and Pb-212 to streamline and improve their production processes and enhance the recycling recovery rates of valuable target radioisotopes, especially Ra-226 and Th-228. Dr. Robert G. G. Holmes, former Chief Scientist at Canadian Nuclear Labs and RadSep Advisory Board member, commented, "Molecular Recognition Technology™ is ideally suited to separation of high value medical radioisotopes and their precursors using high selectivity and recovery, pure recovered radioisotopes, reusability and high radiation resistance. These factors play into simple, one-step separative processes with low waste generation and maximum return of the high value products. These features present an economic application. MRT™ is a natural choice for medical radioisotope generation." John Carney, RadSep Advisory Board member, commented, "High quality materials such as RadSep's best-in-class MRT™ resins and chelators for radiopharmaceuticals, which do not impact the purity of downstream cGMP drug product manufacturing, are essential in order to quicken the pace of innovations and regulatory approvals of novel radiopharmaceuticals. Moreover, RadSep's green chemistry will reduce the environmental impact of radioisotope manufacturing, as the industry scales up in the next decade, to become a major modality for continuous treatment of cancer patients around the world." Steven R. Izatt, President and CEO of IBC, commented, "RadSep builds on IBC's foundation of over three decades of highly selective separations expertise. With the capability to produce MRT™ resins at industrial scale, RadSep is uniquely positioned to supply the growing radiopharmaceutical industry with highly efficient separation flowsheets needed for commercial radioisotope production." Background of IBC and RadSep RadSep, Inc. is a subsidiary of IBC Advanced Technologies, Inc., an award-winning manufacturer and supplier of highly selective separations products, engineered systems and processes based on MRT™.https://radsep.com/https://ibcmrt.com/ References Roulier M. et al. Comparison of radium-226 separation methods based on chromatographic and extraction resins for its determination by ICP-MS in drinking waters. J Mass Spectrom. 2024; 59(2): e5005. Coha, I. et al. Synergy of flow injection system and molecular recognition technology products for rapid determination of Sr-89, 90, and Pb-210. Talanta 2021; 225: 121959. Thakur P. et al. Optimal methods for preparation, separation, and determination of radium isotopes in environmental and biological samples. Journal of Environmental Radioactivity 2021; 228: 106522. Verlinde M. et al. A new rapid protocol for Ra-226 separation and preconcentration in natural water samples using molecular recognition technology for ICP-MS analysis. Journal of Environmental Radioactivity 2019; 202: 1-7.
MAKATI CITY, Philippines, Oct. 3, 2024 /PRNewswire/ -- NGENIUS Trading Academy, the newest and most innovative trading academy in the Philippines, is now officially open for enrollment. With a bold mission to empower aspiring traders to succeed in global financial markets, NGENIUS is revolutionizing trading education with in-depth, hands-on courses designed for traders at every level. Empowering Traders, Redefining Success NGENIUS offers a unique learning experience tailored to equip students with the skills and strategies needed to thrive in today's fast-paced and competitive trading world. Led by a team of expert instructors with years of real-world experience, NGENIUS' curriculum covers essential topics such as market analysis, risk management, technical indicators, and cutting-edge trading strategies. These courses combine technical expertise with practical insights, empowering students to confidently navigate the complexities of financial markets. What Sets NGENIUS Apart? NGENIUS is breaking away from the usual education models by focusing on live, in-class sessions. By offering interactive, face-to-face learning, NGENIUS ensures students receive personalized guidance, real-time feedback, and hands-on training. This immersive approach helps build a stronger foundation of knowledge, enabling students to apply what they've learned immediately in real-world trading environments. "Our in-class experience creates a more engaging and impactful learning process, unlike any other trading academy in the Philippines. We believe in equipping traders not just with skills, but with the mindset necessary to thrive in any market condition," says Thomas Christopher Newton, Chief Operating Officer of NGENIUS. NGENIUS has big plans on the horizon and is positioned for substantial growth. While in-person training remains the primary focus, the academy is actively preparing to expand its offerings through live webinars and other platforms, aiming to reach a broader audience across the Philippines and beyond. "We're not just an academy; we're building a community of traders who are ready to take on global markets. Our growth and innovation will ensure that our students are always ahead of the curve," added Newton. With current popularity and big future plans, NGENIUS is positioning itself as a leader in trading education by providing continuous development opportunities for its students, one trade at a time. NGENIUS offer free weekly seminars in Makati, along with regional seminars across the country, providing convenient learning opportunities no matter where students are located. For more information and to register, visit ngenius.academy. CONTACT: NGENIUS Trading Academy Team, (02) 5310 5014, support@ngenius.academy
SHANGHAI, Oct. 3, 2024 /PRNewswire/ -- After the grand finale of Our Song China, the appearance and performance of a female Vietnamese artist quickly became the talk of the audience. A powerful Vietnamese vocalist, she left a lasting impression with her emotional rendition of the song Hoang Mang. The artist mentioned is Vũ Thảo My, a Vietnamese vocalist known for her strong R&B voice. Her performance on the finale stage of Our Song China quickly turned her into a trending topic, with fans across various platforms trying to learn more about the artist. Based on recent statistics, it can be assumed that the performance ratings of Vietnamese singers stand at around 2.4%. With China's population reaching 1.2 billion, an estimated 28.8 million viewers tuned in to the show that night, meaning at least 25 million people watched the performances of Vietnamese artists Vu Thao My. This 2.4% rating remains an impressive achievement, particularly in this year's competitive landscape. Generally, a rating exceeding 2% is considered a major success, placing the show among the top programs of the year. With her distinctive voice and undeniable talent, Vu Thao My was personally invited by Dragon TV to fly to Shanghai and appear as a special guest at the grand finale. During her performance, she delivered an emotionally charged and flawless rendition of Hoang Mang. Her confident stage presence, paired with her smooth handling of high notes, captivated the audience. Commenting on Vu Thao My, Our Song China crew shared: "Vu Thảo My possesses a truly comprehensive vocal talent, and the moment she sang the first line, the entire team was astounded by her exceptional skills. Not only is her voice extraordinary, but she also brings a distinctive personal style to her performances. As described by the Chinese term 'DiE', her singing has the power to captivate audiences instantly, leaving them in awe. The producer of Our Song praised Vu Thảo My, remarking that her vocal prowess is among the finest in Asia and that she is poised to become Vietnam's next Diva." Image source: IG @mythaovu What made her performance even more remarkable was her ability to stand out alongside other strong voices, maintaining her own vocal prowess with a level of professional performance and stage presence that captivated the audience. Vu Thao My's musical style is considered to have an international color. Additionally, Vu Thao My's professionalism and fluent English communication skills made a strong impression on the production team. About Nomad MGMT Viet NamNomad MGMT Viet Nam, a part of DatVietVAC, is a leading talent management agency that represents some of Vietnam's most influential artists, models, and performers. The company is dedicated to nurturing and guiding the careers of its talents, providing them with global opportunities and exposure. Among its standout artists is Vu Thao My, a celebrated Vietnamese vocalist. About Vu Thao MyManaged by Nomad MGMT Viet Nam, Vu Thao My is a powerhouse R&B vocalist who rose to fame as the youngest winner of The Voice Vietnam. Known for her emotive voice and confident stage presence, she has since become one of the leading figures in Vietnam's music scene. Her recent album, 1.0, marks a milestone in her 10-year career, featuring songs in both Vietnamese and English, many of which she wrote and composed.
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