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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.

Hollysys Automation Technologies Ltd. (HOLI) provides mission-critical automation solutions for industrial and transportation systems worldwide. This news hub offers investors and industry professionals direct access to official corporate announcements, financial disclosures, and strategic developments from the automation technology leader.

Key updates include quarterly earnings reports, new product launches in industrial control systems, rail signaling innovations, and partnership announcements across energy, manufacturing, and infrastructure sectors. Users will find detailed coverage of operational milestones, technology patents, and market expansion initiatives.

All content undergoes strict verification to ensure alignment with regulatory standards. The repository serves as a neutral reference for analyzing HOLI's position in industrial automation markets and its technological advancements in distributed control systems (DCS) and rail transportation safety solutions.

Bookmark this page for real-time updates on corporate governance changes, R&D breakthroughs, and international project deployments. Combine these verified updates with market analysis tools for comprehensive investment research.

Rhea-AI Summary
Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) faces pressure from a buyer consortium led by Recco Control Technology Pte. Ltd. and Dazheng Group to allow the sale process to move forward. The consortium urges the Special Committee to evaluate their all-cash offer of US$26.50 per share, valuing the firm at approximately $1.64 billion. They demand transparency and respect for shareholders' rights, including the convening of a special meeting by the directors. The failure to do so raises concerns over the company's conduct of the sale process and directors' accountability.
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Hollysys Automation Technologies Ltd. (HOLI) announces a 42% premium offer and shareholder support for calling a special meeting
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A buyer consortium led by Recco Control Technology and Dazheng Group has issued a statement regarding Hollysys Automation Technologies. Hollysys has refused to call a special meeting despite a valid request from shareholders representing significant ownership in the company. The consortium calls on the board of Hollysys to respect the rights of its shareholders and convene the special meeting immediately.
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Hollysys Automation Technologies Ltd. has received indications of interest from multiple prospective buyers, including financial sponsors and strategic buyers. The Special Committee of the Board of Directors is in ongoing discussions with the Recco Consortium and representatives of the Hollysys management team. The sale process is targeted to be at an advanced stage by early December.
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A buyer consortium led by Recco Control Technology and Dazheng Group issues a statement regarding Hollysys Automation Technologies' ongoing sale process and management-backed buyout proposal. The consortium remains interested in acquiring Hollysys and encourages an independent and transparent sale process. Shareholders have resubmitted a request for a special meeting. The consortium seeks to engage in due diligence and negotiations with the Special Committee. UBS Investment Bank is serving as financial advisor to the consortium.
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Hollysys Automation Technologies receives a non-binding proposal from its management team to acquire outstanding shares in a taking-private transaction.
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Reiterates all-cash offer of US$25 per share, welcomes formation of special committee to lead sale process, looks forward to discussions and due diligence process
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Hollysys Automation Technologies forms special committee to conduct sale process and evaluate bid proposal from Recco Consortium at $25.00 per share in cash.
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Hollysys Automation Technologies Ltd. received notices of intention from certain shareholders to request a special meeting to consider proposed amendments to the Articles. The Board set the Demand Record Date for September 6, 2023. The Company also received a non-binding offer to acquire all shares at $25.00 per share. The Board is evaluating options to maximize shareholder value.
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Buyer consortium reaffirms all-cash offer of $25 per share, a 34% premium to Hollysys' closing share price on August 23, 2023.
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Hollysys Auto

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1.64B
46.79M
11.12%
88.44%
8.1%
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