HOLI

Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)

HOLI

Market cap $1.64B

Overview Fund Activity

Delisted

HOLI was delisted on the 25th of July, 2024.

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About: Hollysys Automation Technologies Ltd is a China-based company that provides automation and control technologies and products. The company operates through three segments. Its IA segment supplies solutions including third-party hardware-centric products, proprietary software products, and others. The Rail segment supplies train control center and automation train protection to the rail and subway industries. The M&E segment consists of its two Southeast Asia-based subsidiaries that provide mechanical and electrical solutions. Hollysys Automation Technologies generates most of its sales from the Chinese domestic market.

Employees: 5,042

Industrials Electrical Equipment & Parts

Financial journalist opinion

Hollysys Announces Completion of Merger Transaction with Ascendent Capital Partners

• Requests trading of its shares be suspended as of close of trading July 25, 2024 BEIJING , July 25, 2024 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") and Ascendent Capital Partners ("Ascendent") today announced the completion of the merger (the "Merger") between Hollysys and entities affiliated with Ascendent, pursuant to the previously announced agreement and plan of merger, dated as of December 11, 2023 (the "Merger Agreement") among the Company, Superior Technologies Holding Limited ("Parent") and its wholly-owned subsidiary Superior Technologies Mergersub Limited ("Merger Sub").

Hollysys Announces Completion of Merger Transaction with Ascendent Capital Partners

Hollysys Announces Expected Completion Date of Merger Transaction with Ascendent Capital Partners

BEIJING , July 18, 2024 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that it expects to complete its merger transaction with a buyer controlled by Ascendent Capital Partners as soon as July 25, 2024.

Hollysys Announces Expected Completion Date of Merger Transaction with Ascendent Capital Partners

Hollysys Announces Completion of Regulatory Review of Merger Transaction

BEIJING , July 2, 2024 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that it has been informed by Ascendent Capital Partners ("Ascendent") that a buyer controlled by Ascendent has obtained all the PRC approvals required to be obtained by the buyer to complete the merger transaction with the Company.

Hollysys Announces Completion of Regulatory Review of Merger Transaction

Hollysys Announces Appointment of New Auditor

BEIJING , June 3, 2024 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced the appointment of Vocation HK CPA Limited ("Vocation") as its independent registered public accounting firm, effective May 28, 2024.

Hollysys Announces Appointment of New Auditor

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Hollysys CEO Informs Company of Recent Share Sales

Expects to maintain majority of his holdings in the Company in anticipation of the going private transaction closing BEIJING , May 22, 2024 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") has been informed by its Chief Executive Officer, Dr. Changli Wang, that his recent sale of Company shares was made solely for his own personal financial planning needs.

Hollysys CEO Informs Company of Recent Share Sales

Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2024

First Nine Months of Fiscal Year 2024 Financial Highlights Total revenues were $597.1 million, an increase of 2.5% compared to the comparable prior year period. Gross margin was 31.0%, compared to 33.4% for the comparable prior year period.

Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2024

Hollysys Automation Technologies Reports Unaudited Financial Results for the Second Quarter and the First Half Year Ended December 31, 2023

First Half of Fiscal Year 2024 Financial Highlights Total revenues were $423.6 million, an increase of 2.1% compared to the comparable prior year period. Gross margin was 31.9%, compared to 36.1% for the comparable prior year period.

Hollysys Automation Technologies Reports Unaudited Financial Results for the Second Quarter and the First Half Year Ended December 31, 2023

Hollysys Announces Shareholder Approval of Merger Agreement with Ascendent

BEIJING , Feb. 8, 2024 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that, at an extraordinary general meeting of shareholders ("EGM") held today, the Company's shareholders voted in favor of, among other things, the proposal to authorize and approve the agreement and plan of merger, dated as of December 11, 2023 (the "Merger Agreement"), by and among the Company and entities affiliated with Ascendent Capital Partners, Superior Technologies Holding Limited ("Parent"), and Superior Technologies Mergersub Limited ("Merger Sub"), pursuant to which, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent (the "Merger"), the articles of merger (the "Articles of Merger") and the plan of merger (the "Plan of Merger") to be filed with the Registrar of Corporate Affairs of the British Virgin Islands, and the transactions contemplated thereby, including the Merger.

Hollysys Announces Shareholder Approval of Merger Agreement with Ascendent

Dazheng Group Reaffirms Commitment to Acquire Hollysys at US$29.50 Per Share

HONG KONG--(BUSINESS WIRE)--Buyer Consortium (“the Consortium”) led by Dazheng Group Acquisition Limited (“Dazheng Group”) today issued the following statement reaffirming the merits of its offer to acquire Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (“Hollysys”). The Buyer Consortium, led by Dazheng Group, remains extremely motivated to acquire Hollysys at US$29.50 per share. This offer represents a significantly greater value proposition for Hollysys shareholders, providing an 11.3%.

Dazheng Group Reaffirms Commitment to Acquire Hollysys at US$29.50 Per Share

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