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Hollysys Recommends Shareholders Vote FOR Ascendent Transaction to Secure Compelling Value

/PRNewswire/ The Board of Directors of Hollysys Automation Technologies Ltd. ("Hollysys" or the "Company") today issued a letter to shareholders reiterating.

Great wallChina generalNew yorkUnited statesHong kongChangli wangLibby lloydExchange commissionDazheng consortiumWhile the companyBrunswick groupRecco control technology pteGreat wall capital co ltdHollysys automation technologies ltdDazheng group acquisition limitedBuyer consortium

Hollysys Automation (HOLI) Recommends Shareholders Vote FOR Ascendent Transaction

Hollysys Automation (HOLI) Recommends Shareholders Vote FOR Ascendent Transaction
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Hollysys Recommends Shareholders Vote FOR Ascendent Transaction to Secure Compelling Value

Updated proxy to detail recent engagement with Dazheng BEIJING, Jan. 31, 2024 /PRNewswire/ The Board of Directors of Hollysys Automation Technologies Ltd. ("Hollysys" or the "Company") today issued a letter to shareholders reiterating its support for the proposed acquisition of the Company by a buyer controlled by Ascendent Capital Partners ("Ascendent") at the upcoming extraordinary general meeting to.

Great wallChina generalNew yorkUnited statesHong kongLibby lloydChangli wangHollysys automation technologies ltdBrunswick groupDazheng group acquisition limitedGreat wall capital co ltdWhile the companyDazheng consortiumCompany contactBuyer consortiumExchange commission

Hollysys Reiterates Strong Support for Ascendent Deal; Provides Update on Engagement with Dazheng

- Special Committee concluded Dazheng proposal was not superior after rigorous negotiations - Dazheng was unable to provide sufficient assurances around equity financing and last-minute introduction.

Hong kongNew yorkUnited statesExchange commissionHollysys automation technologies ltdCompany contactDazheng consortiumBrunswick groupGlass lewisSpecial committeeHollysys automation technologiesAscendent capital partnersDazheng group acquisition limitedSupervisory controlData acquisitionPrivate securities litigation reform act

Hollysys Automation (HOLI) Reiterates Strong Support for Ascendent Deal, Issues Update on Engagement with Dazheng

Hollysys Automation (HOLI) Reiterates Strong Support for Ascendent Deal, Issues Update on Engagement with Dazheng
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

Hong kongDazheng consortiumExchange commissionCommittee of hollysys automation technologies ltdSpecial committeeHollysys automation technologiesAscendent capital partnersDazheng group acquisition limited