On October 30,2024, Synagistics Company (Shiteng Holdings), a Southeast Asian e-commerce agency operation field of Alibaba, was listed on the main board of the Hong Kong Stock Exchange through the merger with SPAC Special Purpose Acquisition Company (Huide Acquisition), and the acquisition of Huide Holdings was renamed Shiteng Holdings (02562.HK)

With the continuous development and maturity of the SPAC market, the SPAC merger cases are constantly presented, bringing more vitality to the capital market.

In the first three quarters of 2024, the number of IPOs and financing scale of Chinese concept stocks in the United States increased significantly compared to the same period last year.

SPAC with a background in Hong Kong, China, was listed on NASDAQ in the United States on September 18, 2024, successfully raising $60 million in funds.

The AGBA&SME team was invited to visit and exchange ideas at the headquarters of DOWON GROUP, a South Korean real estate development company.

The second Chinese company will transfer from OTC to NASDAQ for filing with the China Securities Regulatory Commission, and the overall pace of overseas listing filing has significantly accelerated.

Black Spade Acquisition II Co, a SPAC under the Ho Yau Lung family office, announced the completion of a $150 million initial public offering.

The OTC sector in the United States performed strongly in July, with trading volumes far exceeding the total amount of the New Third Board, Beijing Stock Exchange, and Hong Kong ChiNext during the same period.