|Bid||14.03 x 1000|
|Ask||14.05 x 900|
|Day's Range||13.77 - 14.19|
|52 Week Range||9.52 - 16.29|
|Beta (5Y Monthly)||1.05|
|PE Ratio (TTM)||12.11|
|Earnings Date||Feb 17, 2021 - Feb 22, 2021|
|Forward Dividend & Yield||0.20 (1.41%)|
|Ex-Dividend Date||Oct 21, 2020|
|1y Target Est||18.88|
Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announces that it has been notified that certain members of the Company's management team plan to purchase the Company's ordinary shares from the public market at market prices. The share purchases will be conducted by a special purpose vehicle beneficially owned and funded by management of the Company. They expect to purchase shares in an aggregate value of up to US$50 million over a six-month period. Shares purchased by management will be subject to a voluntary lock-up period of at least 24 months. Management will be subject to the Company's insider trading policy and the SEC reporting obligations.
Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), today announced that its Board of Directors (the "Board"), after careful review and consideration and with the assistance of its executive management team as well as outside financial and legal advisors, has determined that the unsolicited offer made by Mr. Baiqing Shao, CPE Funds Management Limited and purportedly on behalf of Ace Lead Profits Limited (collectively, the "Consortium") on December 7, 2020, to acquire all of the outstanding ordinary shares of the Company for $15.47 in cash per ordinary share, substantially undervalues the Company and is not in the best interest of the Company's shareholders.
Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications in China, announced today that it has established a strategic technology research and development group ("Strategic Technology Group") in response to the impact of the COVID-19 pandemic and opportunities arising during this period. The Strategic Technology Group focuses on industrial and rail automation, manufacturing automation, medical automation and other control applications and systems that help our clients accelerate and streamline the work process. The Strategic Technology Group will be directed by Mr. Changli Wang, founder of the Company. Other members of the Strategic Technology Group include: Mr. Lei FANG, the Co-Chief Operating Officer of the Company, Mr. Xue YU, the Co- Chief Operating Officer of the Company, Dr. Chunming HE, the Chief Technology Officer of the Company, Mr. Hongyuan SHI, the Chief Human Resources Officer of the Company and Dr. Lei REN, the general manager of Beijing Hollysys Smart Energy Tech. Co., Ltd ("Hollysys Smart Energy"), a subsidiary of the Company.