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Hollysys Automation Technologies Ltd. (HOLI)

24.50

-0.05

(-0.22%)

At close: April 22 at 4:00 PM EDT

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

Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys," the "Company" or "we"), a leading provider of automation and control technologies and applications in China, today announced its unaudited financial results for the second quarter and the first half of fiscal year 2024 ended December 31, 2023.

PR Newswire last month

HOLI
-0.22%
Chris Davis Adjusts Position in Hollysys Automation Technologies Ltd

On December 31, 2023, Davis Advisors, under the leadership of portfolio manager Chris Davis (Trades, Portfolio), made a notable adjustment to its investment in Hollysys Automation Technologies Ltd (NASDAQ:HOLI). Following the trade, Davis Advisors holds a total of 5,248,240 shares in Hollysys, representing an 8.50% ownership stake in the company and accounting for 0.87% of the firm's portfolio. Davis Advisors is a prominent investment management firm overseeing assets worth over $60 billion.

GuruFocus.com 2 months ago

HOLI
-0.22%
REFILE-UPDATE 1-Hollysys shareholders approve merger with Ascendent Capital affiliates

The U.S. listed Chinese automation control system provider said last year it had agreed that Ascendent Capital, which already owns a 13.7% stake in the company, will acquire the outstanding Hollysys shares at $26.5 each in a deal valued around $1.66 billion. Superior Technologies Mergersub Limited, which is affiliated with Ascendent Capital, will merge into Hollysys, and Hollysys will become a wholly owned unit of Superior Technologies Holding Limited, another Ascendent affiliate, according to a Hollysys statement.

Reuters 2 months ago

HOLI
-0.22%
Hollysys Announces Shareholder Approval of Merger Agreement with Ascendent

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"

PR Newswire 2 months ago

HOLI
-0.22%
UPDATE 1-Dazheng-led consortium sets out financing for Hollysys bid

A consortium led by China's Dazheng Group Acquisition has set out financing for its $29.50-per-share bid for Hollysys Automation Technologies as it battles a rival offer from Hong Kong-based private equity firm Ascendent Capital. In a statement on Saturday, the Dazheng consortium - which also includes TFI Asset Management - said it had secured a debt commitment letter for $1.5 billion from an unnamed China headquartered bank's Hong Kong branch. It had also secured equity commitments totaling $800 million from Dazheng Group and TFI Asset Management, it said.

Reuters 2 months ago

HOLI
-0.22%
Hollysys Recommends Shareholders Vote FOR Ascendent Transaction to Secure Compelling Value

The Board of Directors of Hollysys Automation Technologies Ltd. ("Hollysys" or the "Company") today issued a letter to shareholders reiterating its support for the proposed acquisition of the Company by a buyer controlled by Ascendent Capital Partners ("Ascendent") at the upcoming extraordinary general meeting to be held on February 8, 2024. In the letter, the Company also addressed statements published by Dazheng Group Acquisition Limited ("Dazheng").

PR Newswire 2 months ago

HOLI
-0.22%
Can Mixed Fundamentals Have A Negative Impact on Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) Current Share Price Momentum?

Hollysys Automation Technologies' (NASDAQ:HOLI) stock is up by a considerable 25% over the past three months. However...

Simply Wall St. 2 months ago

HOLI
-0.22%
Hollysys still backs Ascendent's buyout deal despite Dazheng's higher bid

A consortium led by Dazheng Group earlier on Monday said it has proposed to acquire all outstanding shares of the U.S. listed Hollysys at $29.50 each, up from its previous offer of $29, in negotiations with the special committee that started on Sunday. The Chinese automation control system provider said last year it had agreed that Hong Kong-based private equity firm Ascendent Capital, which already owns a 13.7% stake in the company, will acquire the outstanding Hollysys shares at $26.5 each in a deal valued around $1.66 billion.

Reuters 2 months ago

HOLI
-0.22%
UPDATE 1-Hollysys still backs Ascendent's buyout deal despite Dazheng's higher bid

Hollysys Automation Technologies said on Monday its special committee has retained a recommendation that shareholders vote for Ascendent Capital's acquisition deal as the offer from a Dazheng Group-led consortium was not superior. A consortium led by Dazheng Group earlier on Monday said it has proposed to acquire all outstanding shares of the U.S. listed Hollysys at $29.50 each, up from its previous offer of $29, in negotiations with the special committee that started on Sunday.

Reuters 2 months ago

HOLI
-0.22%
Hollysys Reiterates Strong Support for Ascendent Deal; Provides Update on Engagement with Dazheng

The Special Committee of Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today reiterated its unanimous recommendation that shareholders vote FOR the acquisition of the Company by a buyer controlled by Ascendent Capital Partners ("Ascendent"), an international and experienced private investment firm headquartered in Hong Kong.

PR Newswire 2 months ago

HOLI
-0.22%
Glass Lewis Tells Hollysys Shareholders to Reject $1.7 Billion Offer

(Bloomberg) -- Glass, Lewis & Co. recommended shareholders of Beijing-based Hollysys Automation Technologies Ltd. to vote against a $1.66 billion takeover proposal by private equity firm Ascendent Capital Partners Ltd.Most Read from BloombergMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneMusk Says First Neuralink Patient Received Implant in BrainMicrosoft Sales Top Estimates; Cloud Growth Disappoints SomeTech Giants Slide in Late Trading After Earnings: Markets WrapUPS

Bloomberg 2 months ago

HOLI
-0.22%
Hollysys Announces Shareholder Meeting to Vote on Acquisition by Ascendent Capital Partners

Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that it will hold an extraordinary general meeting (the "EGM") of shareholders on Thursday, February 8, 2024 at 10:00 a.m. Hong Kong time, to consider and vote on, among other things, the proposal to authorize and approve the previously announced merger agreement (the "Merger Agreement") pursuant to which a buyer controlled by Ascendent Capital Partners ("Ascendent"), an international private inves

PR Newswire 3 months ago

HOLI
-0.22%
Hollysys Announces End of "Go-Shop" Period under Merger Agreement with Ascendent Capital Partners

Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced the end of the "go-shop" period as provided for in the merger agreement with funds managed by Ascendent Capital Partners ("Ascendent"). The "go-shop" period followed an extensive, competitive process by the Company that led to the signing of the merger agreement with Ascendent.

PR Newswire 3 months ago

HOLI
-0.22%
UPDATE 1-Dazheng Group consortium announces bid to buy Hollysys Automation for $1.8 billion

A consortium led by China's Dazheng Group Acquisition has announced a bid to acquire automation and control technology provider Hollysys Automation Technologies in an all-cash transaction valued at $1.8 billion, according to a statement on Sunday. The consortium, which includes TFI Asset Management and GA Technologies, said it would acquire all outstanding shares of Hollysys it does not already own for $29 per share in cash. In August, a consortium led by Recco Control Technology and Dazheng Group made an all-cash offer of $25 per share to buy the company.

Reuters 3 months ago

HOLI
-0.22%
Dazheng Group consortium announces bid to buy Hollysys Automation for $1.8 billion

The consortium, which includes TFI Asset Management and GA Technologies, said it would acquire all outstanding shares of Hollysys it does not already own for $29 per share in cash. In August, a consortium led by Recco Control Technology and Dazheng Group made an all-cash offer of $25 per share to buy the company.

Reuters 3 months ago

HOLI
-0.22%
Hollysys to be Acquired by Ascendent Capital Partners for US$26.50 in Cash Per Share

Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that it has reached an agreement to be acquired by Ascendent Capital Partners ("Ascendent"), an international private investment firm headquartered in Hong Kong. The acquisition, which concludes a months-long sale process, will be completed through an all-cash transaction valued at approximately US$1.66bn.

PR Newswire 4 months ago

HOLI
-0.22%
Returns On Capital At Hollysys Automation Technologies (NASDAQ:HOLI) Paint A Concerning Picture

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Simply Wall St. 4 months ago

HOLI
-0.22%
Hollysys Update: EGM, Sale Process

Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced its intention to hold a special meeting of shareholders in the week commencing January 22, 2024 following the requests of certain shareholders to convene a special meeting. The decision follows the outcome of the hearing at the Hong Kong High Court with respect to the ownership and control of Ace Lead Profits Limited ("Ace Lead"), one of the requisition shareholders, and its shares in the Company.

PR Newswire 4 months ago

HOLI
-0.22%
Hollysys Automation Technologies Reports Unaudited Financial Results for the First Quarter Ended September 30, 2023

Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications in China, today announced its unaudited financial results for the first quarter of fiscal year 2024 ended September 30, 2023.

PR Newswire 5 months ago

HOLI
-0.22%
China-focused Ascendent in $1.6 billion take-private bid for Hollysys

Ascendent's latest bid comes amid a few other takeover offers. Hollysys management team proposed last month a consideration of $25 per share, while a buyer consortium led by Recco Control Technology and Dazheng Group in August reaffirmed its earlier offer with the same per-share price.

Reuters 5 months ago

HOLI
-0.22%

Performance Overview

Return	HOLI	S&P 500
YTD	-7.04%	+5.05%
1-Year	+56.92%	+21.22%
3-Year	+95.28%	+20.06%

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Hollysys Automation Technologies Ltd. (HOLI)

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

Chris Davis Adjusts Position in Hollysys Automation Technologies Ltd

REFILE-UPDATE 1-Hollysys shareholders approve merger with Ascendent Capital affiliates

Hollysys Announces Shareholder Approval of Merger Agreement with Ascendent

UPDATE 1-Dazheng-led consortium sets out financing for Hollysys bid

Hollysys Recommends Shareholders Vote FOR Ascendent Transaction to Secure Compelling Value

Can Mixed Fundamentals Have A Negative Impact on Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) Current Share Price Momentum?

Hollysys still backs Ascendent's buyout deal despite Dazheng's higher bid

UPDATE 1-Hollysys still backs Ascendent's buyout deal despite Dazheng's higher bid

Hollysys Reiterates Strong Support for Ascendent Deal; Provides Update on Engagement with Dazheng

Glass Lewis Tells Hollysys Shareholders to Reject $1.7 Billion Offer

Hollysys Announces Shareholder Meeting to Vote on Acquisition by Ascendent Capital Partners

Hollysys Announces End of "Go-Shop" Period under Merger Agreement with Ascendent Capital Partners

UPDATE 1-Dazheng Group consortium announces bid to buy Hollysys Automation for $1.8 billion

Dazheng Group consortium announces bid to buy Hollysys Automation for $1.8 billion

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

Returns On Capital At Hollysys Automation Technologies (NASDAQ:HOLI) Paint A Concerning Picture

Hollysys Update: EGM, Sale Process

Hollysys Automation Technologies Reports Unaudited Financial Results for the First Quarter Ended September 30, 2023

China-focused Ascendent in $1.6 billion take-private bid for Hollysys

Performance Overview