Deloitte China assists listing of Seyond on SEHK via de-SPAC transaction
3rd de-SPAC company in Hong Kong with Deloitte as reporting accountant
Deloitte China successfully assisted the listing of Seyond Holdings (new stock code: 02665.HK, "Seyond"), a global automotive LiDAR company, on the Main Board of the Stock Exchange of Hong Kong (SEHK) through a de-SPAC transaction with TechStar Acquisition Corporation (former stock code: 07855.HK, "TechStar"), a special purpose acquisition company (SPAC), on 10 December 2025.
This is the 3rd de-SPAC company listed on SEHK with Deloitte as the reporting accountant. Since the launch of the SPAC listing regime in Hong Kong in 2022, the market has completed three de-SPAC transactions, all of which had Deloitte as the reporting accountant. This fully demonstrates Deloitte’s strong, unique capabilities in serving and advising this pioneering listing vehicle.
The other two de-SPAC transactions are Synagistics (stock code: 02562.HK) which commenced trading of its shares on 30 October 2024, and ZG Group (stock code: 06676.HK) which commenced trading of its shares on 10 March 2025.
Representatives of Seyond and Deloitte China attend Seyond’s listing ceremony at Hong Kong Stock Exchange.
(From left) Jeff Gu, Deloitte China’s Audit & Assurance (A&A) manager; Cecilia Wang, A&A senior manager; Jacky Wong, Deloitte China’s Consumer Products & Retail Industry national audit leader and audit engagement partner for the Seyond engagement; Dr. Bao Junwei, co-founder and CEO of Seyond; Vince Yao, Seyond’s CFO, and Neo Lin, Deloitte China’s Eastern Region A&A leader and lead client service partner of the Seyond engagement, attend the listing ceremony of Seyond at Hong Kong Stock Exchange.
Client overview
Seyond is a designer, developer, and manufacturer of automotive-grade light detection and ranging (LiDAR) solutions, serving Advanced Driver Assistance Systems (ADAS) and various industrial applications. According to CIC, Seyond delivered approximately 230,000 automotive-grade LiDAR units in 2024 and ranked 4th globally in terms of sales revenue for ADAS LiDAR solutions.
It is the world's 1st LiDAR manufacturer to pioneer the large-scale mass production and delivery of the "1550nm + 905nm" dual-technical route.
Source: Seyond’s official WeChat account and circular filed with SEHK on 12 November 2025
Deloitte's role
Deloitte China was selected as reporting accountant of this de-SPAC transaction in 2024. Leveraging our extensive experience in the capital market and exceptional service capabilities, Deloitte China met a highly challenging timetable, successfully assisting Seyond to list on the Main Board of SEHK. This demonstrates Deloitte China's commitment to its service philosophy of "diligence and excellence."
Deloitte China congratulates Seyond on its successful listing on the SEHK. We will continue to provide high quality professional services to assist more clients to take one-step ahead in today's increasingly competitive and complex business environment.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see About Deloitte to learn more.
Deloitte China provides integrated professional services, with our long-term commitment to be a leading contributor to China’s reform, opening-up and economic development. We are a globally connected firm with deep roots locally, owned by our partners in China. With over 20,000 professionals across 31 Chinese cities, we provide our clients with a one-stop shop offering world-leading audit, tax and consulting services.
We serve with integrity, uphold quality and strive to innovate. With our professional excellence, insight across industries, and intelligent technology solutions, we help clients and partners from many sectors seize opportunities, tackle challenges and attain world-class, high-quality development goals.
The Deloitte brand originated in 1845, and its name in Chinese (德勤) denotes integrity, diligence and excellence. Deloitte's global professional network of member firms now spans more than 150 countries and territories. Through our mission to make an impact that matters, we help reinforce public trust in capital markets, enable clients to transform and thrive, empower talents to be future-ready, and lead the way toward a stronger economy, a more equitable society and a sustainable world.
This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms or their related entities (collectively, the “Deloitte organization”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser.
No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL, its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this communication. DTTL and each of its member firms, and their related entities, are legally separate and independent entities.
