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Hollysys Auto - HOLI STOCK NEWS

Welcome to our dedicated page for Hollysys Auto news (Ticker: HOLI), a resource for investors and traders seeking the latest updates and insights on Hollysys Auto stock.

Overview

Hollysys Automation Technologies is an established provider of advanced automation and control systems, delivering integrated solutions that enhance operational safety, reliability, efficiency, and intelligence. With a strong foundation in automation technology, the company excels in implementing solutions in both industrial and rail transportation sectors. Leveraging proprietary technology and decades of expertise, Hollysys addresses the operational challenges of diverse customers, including industrial utilities, rail operators, nuclear power facilities, and more. Key industry keywords such as industrial automation, control systems, and integrated solutions are foundational to its business model.

Core Business Areas

Hollysys specializes in two primary segments: industrial automation and rail transportation automation. In the industrial sphere, the company provides a comprehensive suite of products and services that encompass field devices, control systems, intelligent operating data systems, and enterprise manufacturing management solutions. Its product portfolio spans across distributed control systems (DCS), programmable logic controllers (PLC), and supervisory control and data acquisition (SCADA) systems. These solutions are designed to support complex production processes, ensuring continuous operation and safety in high-stakes environments.

In rail transportation automation, Hollysys delivers advanced signaling control, communication systems, and integrated supervisory control systems that are critical to the safe operation of high-speed and urban rail networks. The company’s solutions in this segment include Train Control Centers (TCC), Lineside Electronic Units (LEU), and other integrated systems that help optimize rail transit performance and safety.

Technological Excellence and Integrated Solutions

At the heart of Hollysys' success lies its commitment to innovation and technological excellence. With a diversified product suite, the company has developed proprietary technologies that are applied across various applications—ranging from nuclear power automation to intelligent management systems in food, pharmaceutical, and energy storage projects. Hollysys’ integrated solution approach ensures that customers benefit from seamless interoperability among hardware components, software platforms, and operational services. This approach not only underpins enhanced process efficiency but also supports stringent safety and reliability standards required in critical industries.

Market Position and Global Footprint

Originating from China with an extensive history of stable growth, Hollysys has expanded its influence into Southeast Asia, the Middle East, and beyond. The breadth and diversity of its project portfolio, which includes thousands of installations and a wide variety of industry implementations, underpin the company’s strong market position. By applying its deep industry know-how, Hollysys has become indispensable to clients seeking robust automation solutions in sectors where operational downtime is not an option.

Competitive Differentiation

Hollysys differentiates itself from competitors through its comprehensive and integrated systems approach. The company’s technological strength is evidenced by its proprietary development in automation and control systems that cover both hardware and software domains. This end-to-end service model, combined with a commitment to rigorous quality and safety standards, allows Hollysys to meet the complex needs of large-scale industrial projects and rail network operations. The expertise embedded in its solutions ensures that customers experience not only improved process control but also an overall enhancement in operational productivity.

Industry-Specific Expertise

Drawing on decades of experience in high-stakes industries, Hollysys leverages cutting-edge technologies to support clients in achieving seamless automation. Its solutions in industrial automation are characterized by high reliability and precision, while its rail transportation systems are built to meet the demanding safety and operational criteria of modern transit networks. The company’s focus on integrating digital technologies such as cloud-based applications and intelligent data systems underscores its commitment to driving digital transformation in traditional industrial settings.

Operational Safety, Reliability, and Efficiency

Safety and reliability are non-negotiable in the sectors Hollysys serves. Every project is a testament to the company’s commitment to operational excellence, evidenced by systems that not only counteract potential industrial hazards but also optimize efficiency. The robust design of its automation solutions, combined with ongoing support and maintenance services, ensures that customers can maintain high operational standards in challenging environments.

Comprehensive Service Offerings

Beyond hardware and software, Hollysys offers a full spectrum of services designed to support the lifecycle of automation projects. This includes system design, engineering consultation, installation, commissioning, and after-sales support. The company’s holistic approach ensures that every aspect of a project is seamlessly integrated, providing end-to-end solutions that are tailored to the specific requirements of each industrial or rail system installation.

Conclusion

In summary, Hollysys Automation Technologies stands as a hallmark of innovation and reliability in the automation sector. Its integrated solutions in industrial automation and rail transportation underscore its expertise in deploying critical control systems that safeguard operations across various high-demand industries. With a global footprint and a robust portfolio of advanced technologies, Hollysys continues to serve as a key contributor to operational excellence and intelligent system management in environments where safety and efficiency are paramount.

Rhea-AI Summary
Buyer Consortium led by Dazheng Group urges shareholders to vote against the Ascendent transaction and presents a higher offer for Hollysys. The transaction with Ascendent is subject to potential Chinese national security review and outbound investment approval, causing closing uncertainty. The Consortium has demonstrated financing above industry standards and claims Hollysys' allegations against them demonstrate prejudice and prevent shareholders from considering their offer.
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The Special Committee of Hollysys Automation Technologies Ltd. reiterated its recommendation for shareholders to vote for the acquisition by Ascendent Capital Partners, dismissing Dazheng Group Acquisition Limited's proposal as not superior. The committee expressed concerns about Dazheng's ability to provide equity financing and its constantly changing consortium structure. They strongly disagreed with ISS and Glass Lewis recommendations and emphasized the need for shareholders to vote for the Ascendent acquisition for near-term cash with high certainty of closing.
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A buyer consortium led by Dazheng Group Acquisition Limited offered an all-cash proposal of US$29.50 per share to acquire Hollysys Automation Technologies Ltd. The consortium remains committed to negotiating this proposal with the Hollysys Board. They are urging shareholders to vote against the proposed Ascendent Capital deal, in line with recommendations from leading proxy advisors ISS and Glass Lewis.
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Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) will hold an extraordinary general meeting to consider and vote on the proposal to authorize and approve the merger agreement with Ascendent Capital Partners for US$26.50 per share in cash. The board recommends shareholders to vote 'FOR' the merger agreement.
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Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) concludes 'go-shop' period, receives additional acquisition proposals but determines none constitute a Superior Proposal
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Dazheng Group Acquisition Limited offers an increased all-cash proposal of US$29.00 per share, approximately US$1.8 Billion, to acquire all outstanding shares of Hollysys Automation Technologies Ltd. (NASDAQ: HOLI). This offer is 9.4% higher than the Ascendent Capital offer and is backed by secured financing. The Consortium has full confidence that the Hollysys Board will deem its enhanced proposal superior and remains ready to enter into a merger agreement.
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Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) has reached an agreement to be acquired by Ascendent Capital Partners for approximately US$1.66bn, representing a premium of 42% to the unaffected price as of August 23, 2023.
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Recco Control Technology and Dazheng Group-led consortium reiterates an all-cash offer of US$26.50 per share for Hollysys Automation Technologies Ltd. (HOLI). The board's announcement of a special meeting for shareholders, and a potential merger agreement by mid-December 2023, has sparked conflict due to the consortium's concerns about the board's actions impeding shareholder rights and potentially favoring a management buyout. The consortium urges the board to hold the special meeting before any binding agreement is reached to ensure a legitimate sales process that maximizes shareholder value.
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Hollysys Automation Technologies Ltd. (Hollysys) (NASDAQ: HOLI) intends to hold a special meeting of shareholders in January 2024 following the requests of certain shareholders. The Board has set November 27, 2023, as the record date for determining the shareholders entitled to vote at the special meeting. The proxy statement for the special meeting will be furnished with the SEC in the coming weeks, specifying detailed proposals to be voted on by shareholders, including increasing the maximum Board size and appointing six director candidates. The Special Committee has made positive progress with respect to the sale process and will continue the sale process in an expedited manner, aiming to execute a merger agreement by mid-December.
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Hollysys Q1 FY2024 Financial Highlights: Total revenues reached $199.9 million, up 17.6% from the prior year. Gross margin increased to 34.6%. Net income attributable to Hollysys rose to $31.6 million, a 47.9% increase. Diluted earnings per share reached $0.51, up 45.7%. Non-GAAP measures also showed significant growth. Operating cash flow was $28.2 million. DSO decreased to 145 days, and inventory turnover days increased to 84 days.
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FAQ

What is the current stock price of Hollysys Auto (HOLI)?

The current stock price of Hollysys Auto (HOLI) is $26.41 as of January 24, 2025.

What is the market cap of Hollysys Auto (HOLI)?

The market cap of Hollysys Auto (HOLI) is approximately 1.6B.

What is the core business of Hollysys Automation Technologies?

Hollysys specializes in providing integrated automation and control systems that enhance operational safety, reliability, and efficiency in industrial and rail sectors.

Which industries does Hollysys serve?

The company serves a diversified range of sectors including industrial manufacturing, rail transportation, nuclear power, and other critical infrastructure markets.

How does Hollysys generate its revenue?

Hollysys generates revenue primarily through the sale of integrated automation solutions, which include hardware, software, and comprehensive service offerings.

What are some key technological strengths of the company?

The company’s key strengths include its proprietary technologies in DCS, PLC, SCADA, and its ability to integrate complex control systems with advanced digital applications.

How does Hollysys ensure high safety and reliability standards?

Hollysys implements rigorous engineering protocols and leverages proven control systems that are designed to optimize process safety and operational reliability in demanding environments.

What differentiates Hollysys from its competitors?

Hollysys stands out through its comprehensive, end-to-end integrated solutions and deep technological expertise, which enable seamless interoperability and robust performance across its product range.

What geographical markets does Hollysys operate in?

While based in China, Hollysys has extended its operations to several regions including Southeast Asia, the Middle East, and other global markets.

What kind of support services does Hollysys offer?

Hollysys provides full lifecycle services including system design, engineering consultation, installation, commissioning, and after-sales support to ensure the optimal performance of its automation systems.
Hollysys Auto

Nasdaq:HOLI

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1.64B
46.79M
11.12%
88.44%
8.1%
Electrical Equipment & Parts
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