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BEIJING (BUSINESS WIRE) Jul 8, 2021
The buyer consortium (the âConsortiumâ) consisting of Mr. Shao Baiqing, Ace Lead Profits Limited and CPE Funds Management Limited today issued a letter to shareholders of Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (the âCompanyâ or âHollysysâ) regarding the Consortiumâs proposed acquisition of the Company. The Consortium strongly believes that the proposed acquisition is the best and only option to shareholders to achieve immediate liquidity on their investment, at a highly attractive premium and with far greater certainty. The Consortium reminds shareholders of the Company as of June 24, 2021 to sign, date and return the WHITE consent card as soon as possible before July 22, 2021.
ChinaCanadaHong-kongChineseJinxiang-guoShao-baiqingWhile-the-companyAce-lead-profitsInnisfree-ma-incorporatedFunds-managementHollysys-automation-technologies-ltdNasdaqPress release content from Business Wire. The AP news staff was not involved in its creation.
Buyer Consortium Warns Hollysys Shareholders Not to Be Misled by Company’s Continuing Incomplete Disclosure and Delaying Tactics
July 8, 2021 GMT
BEIJING (BUSINESS WIRE) Jul 8, 2021
The buyer consortium (the “Consortium”) consisting of Mr. Shao Baiqing, Ace Lead Profits Limited and CPE Funds Management Limited today issued a letter to shareholders of Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (the “Company” or “Hollysys”) regarding the Consortium’s proposed acquisition of the Company. The Consortium strongly believes that the proposed acquisition is the best and only option to shareholders to achieve immediate liquidity on their investment, at a highly attractive premium and with far greater certainty. The Consortium reminds shareholders of the Company as of June 24, 2021 to sign, date and return the WHITE consent card as soon as possible before July 22, 2021.
ChinaCanadaHong-kongChineseJinxiang-guoShao-baiqingWhile-the-companyAce-lead-profitsInnisfree-ma-incorporatedFunds-managementHollysys-automation-technologies-ltdNasdaq Dear Fellow Shareholder, I am pleased to present the Group s final results for the financial year ending 31 December 2020 and to report on the Company s ongoing activities to the date of this statement. Despite the challenges posed by COVID-19, 2020 has been a year of successful transformation for the Company and its shareholders. During the year, the Company successfully achieved the following: Acquisition of 51 per cent. Interest in the Carolina Gold projects via GAR Readmission to trading on AIM Oversubscribed capital raising in conjunction with the readmission Corporate rebranding and name change Share consolidation Commencement of operations in the USA Following the successful reverse acquisition of Global Asset Resources Ltd ( GAR ), the associated fundraising, and the readmission to AIM, we are now focussed on unlocking the excellent potential of our gold projects in the USA. A
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