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Hollysys to be Acquired by Ascendent Capital Partners for US$26.50 in Cash Per Share

Hollysys Board has unanimously approved Ascendent s all cash offer at 42% premium to the unaffected price as of 23 August 2023 Agreement marks culmination of formal sale process conducted by Special.

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Hollysys to be Acquired by Ascendent Capital Partners for US$26.50 in Cash Per Share

Hollysys to be Acquired by Ascendent Capital Partners for US$26.50 in Cash Per Share
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More detail needed on Vietnam offshore wind power plan

After more than two years of repeated revisions and eager anticipation from the market, the Vietnamese government finally approved the eighth power development plan.

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China Issues Significant New Draft Rules Relating to Personal Information Protection Compliance Audits

New draft measures on personal information protection compliance audits have been released for public comment. Jianwei (Jerry) Fang and Chuchen (Julie)

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Exclusive-Beijing pushes for toning down of China risks in IPO prospectuses-sources

Beijing has asked law firms to tone down the language used to describe China-related business risks in Chinese companies' offshore listing documents, warning failure to do so could cost them regulatory green light for the IPOs, three people familiar with the matter said. The move, which not been reported before, is the latest in tightening scrutiny of Chinese companies' offshore listings, and comes at a time when Beijing is stepping up controls over cross-border transfer of sensitive information. The China Securities Regulatory Commission (CSRC) on July 20 met with local lawyers and asked them to refrain from including negative descriptions of China's policies or its business and legal environment in companies' listing prospectuses, the people said.

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