Synagistics (HKG:2562) has entered into a term sheet with certain third-party vendors for a possible acquisition of 100% equity interest in a China-based big data and digital transformation platform company, a Thursday Hong Kong bourse filing said.

The target company has an established client base with 1,000 enterprise and brand clients in five major industry sectors. Target Group's proprietary platform solutions are being used by some of China's largest state-owned enterprises and retail brands.

The parties will further negotiate the details of the possible acquisition including the consideration for the acquisition.