Synagistics debuts as publicly traded company following business combination with HK Acquisition Corporation

Synagistics Limited is now listed on the HKEX under stock code 2562.HK. The listing marks Hong Kong’s first successful De-SPAC transaction. With the resources and platform of a public company, Synagistics aims to deepen its presence in Southeast Asia and accelerate its expansion into the greater China region and Europe. HONG KONG, Oct. 30, 2024 /PRNewswire/ — Shares in Synagistics Limited (“Synagistics”), a leading data-driven digital solutions platform in Southeast Asia, officially commenced trading today on the Main Board of the Hong Kong Stock Exchange (HKEX) under stock code 2562.HK, following the completion of Hong Kong’s first De-SPAC transaction. The listing represents a historic milestone for Hong Kong’s capital markets landscape following the introduction of the SPAC framework in 2022. The listing follows the approval by the shareholders of HK Acquisition Corporation of the business combination between Synagistics Pte. Ltd. and HK Acquisition Corporation at the EGM held on 25 October 2024. As a publicly traded company, Synagistics is poised to drive further growth across Southeast Asia’s rapidly expanding digital economy and extend its presence into new territories, beginning with Hong Kong and Spain. The transaction attracted HK$551 million in PIPE (Private Investment in Public Equity) investment from a diverse group of institutional investors, including Celestial Link (an indirect, wholly-owned subsidiary of HKT Trust and HKT Limited) and China Orient Enhanced Income Fund, underscoring strong market confidence in Synagistics’ growth prospects. Mr. Clement Lee, Chairman of Synagistics Limited, commented, “Today marks a significant new chapter for Synagistics. Becoming a publicly listed company grants us greater access to capital markets and strengthens our visibility and credibility in the global marketplace, enabling us to expand faster and to bring more innovative digital solutions to our brand partners. We are deeply committed to creating long-term value for our shareholders and are confident in executing our ambitious growth strategy in the region’s fast-evolving digital economy.” Dr. Norman Chan, Chairman and Executive Director of HK Acquisition Corporation, remarked, “We are delighted to have partnered with Synagistics to achieve this historic De-SPAC transaction. This is a pivotal moment not only for the company but also for Hong Kong’s capital markets, reinforcing the city’s status as an international financial center. We believe Synagistics will be a strong contributor to the growth of Southeast Asia’s digital economy and look forward to its continued success.” Acting Financial Secretary of Hong Kong SAR Mr. Michael Wong (fourth left), with the management of Synagistics and HK Acquisition Corporation during the listing ceremony to mark the successful public debut of Synagistics Limited. Mr. Clement Lee, Chairman of Synagistics (second right), and Dr. Norman Chan, Chairman of HK Acquisition Corporation (third left), hit the gong at today’s listing ceremony. About Synagistics Limited Synagistics Limited (2562.HK) 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, having served more than 600 brand partners. 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. For information, visit www.synagie.com. 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.

Desay SV Unveils Cutting-Edge Automotive Technologies at IZB 2024

WEIMAR, Germany, Oct. 30, 2024 /PRNewswire/ — The International Suppliers Fair (IZB) took place in Wolfsburg, Germany, from October 22nd to 24th, under the theme “Empowering Partnerships.” This year, 830 exhibitors from around the globe came together to present the latest innovations in technology and products. Desay SV (002920.SZ), a leading mobility technology company, showcased over 50 advanced products from three business lines: Smart Cabin, Smart Drive, and Smart Service. This highlights its strategic vision of becoming the preferred partner in mobility transformation. Intelligent Connected Vehicles Products for Global Customers Desay SV showcased its range of mature products alongside cutting-edge innovations at the exhibition. Notable displays included various cabin products, such as the high-performance intelligent cabin G9SH, heads-up display (HUD), and intelligent surface (control panels). Additionally, Desay SV also featured various cameras, including OMS (Occupant Monitoring System), front-view, side-view, and other intelligent driving sensor solutions. Desay SV at 2024 IZB Among the various offerings, Desay SV’s intelligent driving solutions stood out and captured significant attention. The highlight was the latest intelligent driving domain controller, the IPU14. Powered by the NVIDIA Thor chip, the IPU14 supports L3 conditional autonomous driving and L4 autonomous driving in specific scenarios. With its exceptional performance, safe and redundant design, and the ability to personalise driving efficiency and comfort through algorithmic enhancements, the IPU14 has already attracted pre-orders from several OEMs. Desay SV Enhances Localised Services in the European Market Yang Yong, Executive Vice President of Desay SV and General Manager of Desay SV Europe, shared insights in an interview during the IZB, highlighting that the true indicator of an enterprise’s internationalisation lies in its ongoing success with localisation efforts. The European market plays a crucial role in Desay SV’s plans for future growth and development. In the future, we plan to increase physical investment, optimise resource allocation across supply chains, manufacturing, management, and R&D, and fully guarantee supply chain security to provide local customers with more comprehensive and efficient services along the whole order cycle from R&D to manufacturing. While enhancing the local customer service capabilities, we also seek to strengthen local industrial partnerships and actively uphold corporate social responsibility. Gao Dapeng, Chairman and President of Desay SV, who was invited to participate in the IZB Livestage “Electrification and Connectedness” seminar, said: “Through deep cooperation with global partners, Desay SV remains committed to a customer-orientated approach, aligning our services with customers’ developing strategies. Industrial transformation doesn’t happen overnight; each region has its own development pace and unique needs. Desay SV is eager to collaborate with customers to provide tailored solutions based on local demands, helping them lead the way in the automotive industry’s transformation.” Desay SV at 2024 IZB Recently, Desay SV has accelerated its European market strategy by establishing a new tech park in Weimar, Germany, opening the first office in Paris, France, and initiating an intelligent factory project in Spain. With these advancements, Desay SV has significantly strengthened local production capabilities, enabling it to better serve the vast European automotive market with shorter delivery times, quicker responses, and solutions that better match local expectations. About Desay SV Desay SV is a leading mobility technology company with R&D and service branches in Germany, Japan, Singapore, Spain, USA, etc. The company focuses on efficiently integrating smart cabin, smart drive, and smart service. Relying on 38 years of accumulation, Desay SV has excelled in R&D, design, quality management, and intelligent manufacturing. Desay SV’s continuous innovation and comprehensive capabilities earn the long-term trust of global customers, including Chery, Geely, SAIC, Toyota, Volkswagen, Volvo, etc., and have helped it rank 74th in the Automotive News 2024 top 100 global auto parts suppliers. For more information, please visit Desay SV online at www.desaysv.com or follow us on: https://www.linkedin.com/company/13690363

Book review – The great Indian food trip: Around a subcontinent à la carte

[This is an excerpt from an article in The Round Table: The Commonwealth Journal of International Affairs.]
From the title and publisher’s blurb I was expecting something like A History of the World in 100 Dishes, preferably with recipes. This book is both more and less than that, part travelogue, part food writing with numerous anecdotes and interesting byways. (It is worth exploring the endnotes for these. Footnote 7 on pp. 294-5, for example is particularly informative on the history and taste of and attitudes to eating dogs.) These ‘tummy chronicles’ (p. xiv) abound in descriptions of food ranging from the mouth-watering to the stomach churning. The author is Swedish by birth, Indian by adoption and he wrote up his journals during and just after the pandemic, a ‘panegyric to Indian hospitality, to eating and travelling and to enjoying food’ (p. xxiv).
The writing is, as a whole, too slangy for my taste but is relieved by occasional witticisms and some nice turns of phrase – for example ‘Mopping it [bheja fry, seasoned brain] with a soft naan, I relish every morsel like a zombie tasting IQ for the first time’. (p. 120). Some terms such as ‘GI tags’ (https://en.wikipedia.org/wiki/List_of_geographical_indications_in_India) sent me to the internet for an explanation. A glossary would have helped.
The first chapter is a paean to the author’s adopted home and setting for his detective fiction. Bengaluru (Bangalore) – bookshops, cinema, beer, eating offal (not for the faint hearted), goldfields. Chapter 2 is a voyage around the writer R.K. Narayan – his books and their adaptations for cinema and television, his haunts and his food preferences. Chapter 3 is a gastronomic tour of Kerala (seafood and spices) with cultural references including Somerset Maugham, the Duke of Wellington, Herman Hesse and heavy metal.
Commonwealth Bookshelf by Terry Barringer
And so the journey round India proceeds: Kerala, Tamil Nadu, Hyderabad, Goa, Maharashtra (with a digression on Gandhi and his ideas on nutrition and diet), Rajasthan (plus palace hotels and cave art), Delhi, Chandigarh, Bihar, Bengal, Kolkata, Bhutan….
There is virtually nothing on politics, not much on religion, a bit of history and a lot of literature (from both Indian and European writers).
Terry Barringer is the Assistant Editor and Books Editor of the Round Table Journal.
The great Indian food trip: around a subcontinent à la carte by Zac O’Yeah, London, Hurst, 2024.
Find out more about The Round Table: The Commonwealth Journal of International Affairs

Angiodynamics staying in Queensbury after all. Leaders cite changed business model.

After a strategic shift, AngioDynamics will retain their business operation at their Queensbury location with a more streamlined operation focused on their med-tech portfolio, officials tell The Post-Star.As we reported in February, AngioDynamics announced that by the end of 2025 the company would be shutting down their Queensbury and Glens Falls facilities due to workforce recruitment challenges and a transitioning business model.

Jim Clemmer CEO AngioDynamics

As part of a new business plan, AngioDynamics will maintain a presence at their facility at 603 Queensbury Ave. by consolidating all operations, including distribution, manufacturing and customer service under one roof, Vice President of Communications at AngioDynamics Saleem Cheeks told The Post-Star.

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This change will keep about 40% of their current workforce to ensure the operations are successful.“We will shrink in the size of our workforce, but we will be a more efficient operation, a more resilient operation, to better meet our customer needs,” Cheeks told The Post-Star in an interview Tuesday Oct. 29.In a statement, the company said: “The New York facility will now serve as a consolidated hub, enabling AngioDynamics to maintain its commitment to delivering innovative, high-quality healthcare products to patients and providers…”By consolidating operations into the Queensbury site, AngioDynamics is positioned to optimize resources and enhance customer service with a leaner, more responsive footprint,” the statement said.That operation will be supporting the company’s med-tech portfolio, which includes the NanoKnife, the AlphaVac System, AngioVac System, and the Auryon System and others.“These are our devices that are focused in the cardiovascular oncology spaces,” Cheeks told The Post-Star in the interview. “That med-tech portfolio is the growth driver for AngioDynamics’ future.”

Workers check materials in a clean room, where the NanoKnife is made, at the AngioDynamics plant in Glens Falls. (File photo)

Jenn March file photo, Special to The Post-Star

In February, company CEO Jim Clemmer told The Post-Star that the shift in focus was toward enhancing products they have, and developing new products in cancer-fighting oncology field, as well as the vascular access field and then the endovascular therapies (medical devices that help doctors reach into and clean out veins and arteries).Clemmer said at the time that Angiodynamics could not compete against some of the big players in the field with some of Angiodynamic’s products, and the shift was toward developing the products where they felt a competitive advantage. That production would be completed via contracts with other firms elsewhere.The goal of the new plan seems to have remained much the same, yet the company changed how they would reach it.”AngioDynamics’ revised plan involves exiting underutilized buildings while partnering with contract manufacturers to ensure product availability and strengthen operational resilience. This approach supports the company’s long-term vision for growth and innovation, emphasizing the need to remain competitive while staying rooted in the community,” the company wrote in the statement.Queensbury appears to have what the company needs.“This area has a talented workforce and resources that are unmatched, and so we’re happy to be able to continue to drive the future of our organization right here where it began,” Cheeks said.Warren County Economic Development Corporation President Jim Siplon said he has been talking with the company since the company first announced that it was leaving, and he was happy that 140 employees were staying in the area.“I think sometimes people get too fixated on cost alone. And there’s no doubt that New York is not the cheapest either labor market or place to do business in either United States or in the larger global economy, but the knowledge of the workforce, the work ethic, the quality of place as a way of holding workers and maintaining stability in that workforce, all become factors of running a successful operation,” Siplon said.“I mean, they have some of the people who are most knowledgeable in this kind of work of anywhere in the world, and I think that has turned out to be one of, and maybe not the only, but one of the reasons why a decision like this makes sense,” Siplon said.Queensbury Town Supervisor John Strough said in a statement that he was pleased with the decision.“For the past half-century, our region has been the birthplace and home to the medical device industry, and I am pleased we will maintain that legacy,” Strough said in a statement.Strough was assured that most of the other 60% of their workforce will pursue retirement or be deployed within the company elsewhere, he told The Post-Star.“Because this is part of their new business plan, I was assured that this would be sustainable,” Strough wrote in the statement.Siplon said that over the past year, his office has stayed in contact with the leadership at Angio Dynamics, but that discussions ramped up over the past 90 days or so.“It became clear that there was a real opportunity here, and so our work with them has become far more intense in that period.”But this is their work, and all we are is, you know, navigators and facilitators here,” Siplon said. “We’re glad to be of help, but this, 100% of this decision is theirs, and it’s a good outcome for the area.”The statement from the company said: “We are pleased that our Queensbury location will remain a vital part of our operations, ensuring continuity for our customers and stability for our team. Our decision to retain a more focused, local manufacturing presence that is more resilient and efficient reflects our commitment to our people and our mission to serve patients.”
Luke Mosseau is a staff writer. Contact: 518-742-3224, [email protected].

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Imperial launches new California tech hub

Imperial College London has launched a new hub in California to “supercharge” science and technology collaborations between British and US partners.Based in San Francisco, Imperial Global USA will be the university’s first physical presence in the US, and the first permanent science and tech base in the country of any UK institution.
The highly ranked university announced that the new hub will advance its pursuit of convergence science, by making it easier for scientists to come together to “create solutions to some of the hardest global challenges”.
Speaking ahead of a launch event at Intrinsic, part of Google’s parent company Alphabet, Hugh Brady, president of Imperial, said the university aimed to create more than 100 new science and tech partnerships between the US and UK next year.

Campus resources on research management

“Opening a physical presence in San Francisco is going to supercharge our capabilities to support world-leading British science and tech to collaborate with American partners,” added Professor Brady.
“Our new hub will be a front door in the heart of the Bay Area to help spin-outs, academics and innovators create the kind of partnerships that will lead to world-changing scientific discoveries.”
The news follows the announcement earlier this year of the establishment of Imperial Global: Singapore – its first overseas research centre in the Asian country.
Five female founders of Imperial start-up tech companies are among the first to benefit from the new San Francisco base. They will be working with Imperial staff in San Francisco to secure partnerships and collaborators to support, fund and scale their start-ups. 
Gavin Newsom, governor of California, said the hub will be a “win-win” because the state is a “gateway for innovation and entrepreneurship”.
“This illustrates the power of international partnerships, bringing together top minds in science and technology to tackle the world’s toughest challenges – from climate solutions to advanced healthcare,” he added.
Imperial also announced the creation of a new external advisory board, which has been tasked with ensuring that the venture is “well connected into the rest of the San Francisco tech ecosystem from day one”.
Peter Kyle, the UK’s secretary of state for science, said the hub represents a “hugely exciting opportunity” to bring together UK and US research in driving forward discoveries that benefit both nations.
“By building on existing successful partnerships, like advancing AI in healthcare and scaling up clean energy solutions, this hub can play a key part in accelerating new technologies that will fuel economic growth and deliver real-world solutions to global challenges for years to come.”
[email protected]

Report: 10 new insights in climate science 2024/2025

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10 new insights in climate science 2024: Heat surges risk ecosystem collapse

A new report reveals the profound consequences of rising temperatures on both the environment and human health.The ’10 New Insights In Climate Science’ highlight how surging global temperatures are not only threatening the stability of oceans and pushing the Amazon rainforest towards collapse, but also endangering maternal and reproductive health for future generations. The annual synthesis report has been launched by a consortium of more than 80 global experts from the social and natural sciences, including researchers from the Potsdam Institute for Climate Impact Research (PIK).The report finds that surging global temperatures are making the planet increasingly uninhabitable: They are disrupting the oceans’ vital planetary processes, pushing the Amazon rainforest to the brink of large-scale collapse and threatening an unborn generation by heightening chances of pregnancy complications and even loss. Key climate insights include threats that could reverse decades of progress in maternal and reproductive health, increase the severity and cost of El Niño events, and endanger one of our most crucial natural carbon sinks.”This report confirms that the world faces planetary scale challenges, from the rise of methane emissions to the vulnerability of critical infrastructure. It shows that rising heat, ocean instability and a tipping of the Amazon Rainforest could push parts of our planet beyond habitable limits. Yet, it also provides clear pathways and solutions, demonstrating that with urgent, decisive action, we still can avoid unmanageable outcomes,” emphasizes PIK director Johan Rockström, co-chair of The Earth League.’10 New Insights in Climate Science’ span a vast range of climate research. The report is designed to equip policymakers with the latest and most pivotal climate research published over the past 18 months. The latest climate science provides insights that can inform negotiations at the UN annual conference on climate change COP29 and policy through 2025 and beyond. The report urges policymakers at COP29 to use these insights during negotiations, including on climate finance.Top 10 insights:Tackling rising methane levelsThe climate implications of reduced air pollutionIncreasing heat is making more of the planet uninhabitableClimate extremes are harming maternal and reproductive well-beingThe devastating global impacts of ocean changesBiocultural diversity can bolster the Amazon’s resilience against climate changeThe vulnerability of critical infrastructureThe challenges for climate-resilient development in citiesGovernance gap and competition for energy transition mineralsFairness, acceptance and resistance of climate policiesThe ’10 New Insights in Climate Science’ series, launched with the UNFCCC at the COPs since 2017, is a collaborative initiative of Future Earth, the Earth League and the World Climate Research Programme, synthesising the key recent developments in climate change research. This year’s report represents the collective efforts of more than 80 leading researchers from 45 countries.Download the report

South Korea’s military intelligence agency told lawmakers Wednesday that North Korea has likely completed preparations for its seventh nuclear test and appears to be preparing to test a long-range missile capable of reaching the United States.

SEOUL, South Korea (AP) — South Korea’s military intelligence agency told lawmakers Wednesday that North Korea has likely completed preparations for its seventh nuclear test and is close to test-firing a long-range missile capable of reaching the United States. In a closed-door hearing, the agency also said some advance units of North Korean troops sent to Russia may have arrived at battlefronts as the forces prepare to move to the Kursk region, where Russia has struggled to push back a Ukrainian incursion, according to two lawmakers who attended the meeting. Earlier this month, South Korean President Yoon Suk Yeol told The Associated Press that he expected North Korea to stage major provocations like nuclear and intercontinental ballistic missile tests around the U.S. election to dial up pressure on Washington and its allies. North Korean leader Kim Jong Un has also flaunted his military nuclear program in recent months, testing various missile systems and disclosing a secretive facility for producing weapons-grade uranium in September.

The agency believes that North Korea has finished preparations to conduct a nuclear test at its testing ground in the northeastern town of Punggye-ri, with the detonation likely to be carried out at tunnel No. 3, said Lee Seong Kweun, one of the lawmakers who attended the hearing. North Korea conducted its sixth and last nuclear test in 2017.

The agency also said it’s detecting signs that the North will soon be ready to test launch an ICBM designed to reach the U.S. mainland, including the placement of a launch vehicle and a missile, said Lee and fellow lawmaker Park Sunwon. The agency believes the ICBM test could take place some time in November.

“We cannot specify the exact location but the transporter-erector launcher has been deployed at a certain area where it could be anticipated that an ICBM test aimed at verifying atmospheric re-entry technology could be conducted,” Lee added.

All of North Korea’s ICBM tests since 2017 have been conducted at a high angle to avoid the territory of neighbors. Experts have said the North may eventually seek to flight test its weapons at an angle closer to a normal ballistic trajectory to verify whether the warhead would survive the harsh conditions of atmospheric re-entry. The re-entry vehicle technology is considered one of the few remaining technological obstacles North Korea needs to overcome to obtain functioning long-range missiles. Tensions on the Korean Peninsula have worsened since 2022 after Kim used Russia’s invasion of Ukraine as a distraction to accelerate the growth of his nuclear weapons and missile program.

South Korea’s military intelligence agency told lawmakers Wednesday that North Korea has likely completed preparations for its seventh nuclear test and appears to be preparing to test a long-range missile capable of reaching the United States.

SEOUL, South Korea (AP) — South Korea’s military intelligence agency told lawmakers Wednesday that North Korea has likely completed preparations for its seventh nuclear test and is close to test-firing a long-range missile capable of reaching the United States. In a closed-door hearing, the agency also said some advance units of North Korean troops sent to Russia may have arrived at battlefronts as the forces prepare to move to the Kursk region, where Russia has struggled to push back a Ukrainian incursion, according to two lawmakers who attended the meeting. Earlier this month, South Korean President Yoon Suk Yeol told The Associated Press that he expected North Korea to stage major provocations like nuclear and intercontinental ballistic missile tests around the U.S. election to dial up pressure on Washington and its allies. North Korean leader Kim Jong Un has also flaunted his military nuclear program in recent months, testing various missile systems and disclosing a secretive facility for producing weapons-grade uranium in September.

The agency believes that North Korea has finished preparations to conduct a nuclear test at its testing ground in the northeastern town of Punggye-ri, with the detonation likely to be carried out at tunnel No. 3, said Lee Seong Kweun, one of the lawmakers who attended the hearing. North Korea conducted its sixth and last nuclear test in 2017.

The agency also said it’s detecting signs that the North will soon be ready to test launch an ICBM designed to reach the U.S. mainland, including the placement of a launch vehicle and a missile, said Lee and fellow lawmaker Park Sunwon. The agency believes the ICBM test could take place some time in November.

“We cannot specify the exact location but the transporter-erector launcher has been deployed at a certain area where it could be anticipated that an ICBM test aimed at verifying atmospheric re-entry technology could be conducted,” Lee added.

All of North Korea’s ICBM tests since 2017 have been conducted at a high angle to avoid the territory of neighbors. Experts have said the North may eventually seek to flight test its weapons at an angle closer to a normal ballistic trajectory to verify whether the warhead would survive the harsh conditions of atmospheric re-entry. The re-entry vehicle technology is considered one of the few remaining technological obstacles North Korea needs to overcome to obtain functioning long-range missiles. Tensions on the Korean Peninsula have worsened since 2022 after Kim used Russia’s invasion of Ukraine as a distraction to accelerate the growth of his nuclear weapons and missile program.