Synergy Group has announced that Mr. Bosco Ho, the founder of Ho & Partners Architects Engineers & Development Consultants Ltd. (“hpa”), has decided to acquire 5.0% of the new shares of Synergy Group owned intelligent building technology firm Negawatt Utility Group Holdings Limited (“NU”) via hpa Technology Limited (“hpa Tech”). After the transaction is completed, Synergy Group will hold a 57.0% stake in NU.
With hpa Tech as a strategic investor, NU will gain development strength and the Group, together with hpa, can expand the customer base in the future. As for hpa, it will advise clients to incorporate NU’s Artificial Intelligence (A.I.) and Big Data technologies that allow real-time energy efficiency monitoring and analysis in its architectural design proposals. The move is in line with the energy saving and digital transformation trends embraced by the Hong Kong government, authorities in the Guangdong-Hong Kong-Macao Greater Bay Area and governments all over the world.