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Hollysys Automation Technologies Ltd - HOLI STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hollysys Automation Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hollysys Automation Technologies's position in the market.

News
Hollysys Automation Technologies Reports Unaudited Financial Results for the Second Quarter and the First Half Year Ended December 31, 2023
Rhea-AI Summary
Hollysys Automation Technologies Reports Mixed Financial Results for First Half of Fiscal Year 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.82%
Tags
earnings
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News
Ascendent Wins Overwhelming Shareholder Support to Acquire Hollysys for US$26.50 Per Share
Rhea-AI Summary
Ascendent Capital Partners has received overwhelming support from Hollysys Automation Technologies Ltd. shareholders for the acquisition proposal, with approximately 86.94% of shareholders approving the resolution. The acquisition will be for US$26.50 per share in cash. The company is committed to securing regulatory approvals and closing the acquisition expeditiously.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.51%
Tags
acquisition
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News
Hollysys Announces Shareholder Approval of Merger Agreement with Ascendent
Rhea-AI Summary
Hollysys Automation Technologies Ltd. announces shareholder approval of a plan of merger with Ascendent Capital Partners, Superior Technologies Holding Limited, and Superior Technologies Mergersub Limited. The Merger Agreement was approved by approximately 86.94% of the Company's total issued and outstanding ordinary shares. The completion of the Merger is subject to certain conditions, including regulatory approvals, and would result in the Company becoming a privately held company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.51%
Tags
acquisition
News
Dazheng Group Reaffirms Commitment to Acquire Hollysys at US$29.50 Per Share
Rhea-AI Summary
Buyer Consortium led by Dazheng Group Acquisition Limited reaffirms its commitment to acquire Hollysys Automation Technologies Ltd (HOLI) at US$29.50 per share, offering a significantly greater value proposition for shareholders with an 11.3% premium to the Ascendant Capital offer. The Consortium's offer has enhanced closing certainty relative to the Ascendant offer, backed by financing above industry standards, and requiring less regulatory approvals. The Consortium urges shareholders to vote AGAINST the proposed Ascendant transaction at the upcoming Extraordinary General Meeting on February 8, 2024, emphasizing that negotiations with the Special Committee recognize their proposal as superior or reasonably likely to be superior.
Rhea-AI Impact
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End-of-Day
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acquisition
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News
Dazheng Group Reaffirms Commitment to Acquire Hollysys Automation Technologies at US$29.50 per share and Urges Shareholders to Vote Against the Lower Priced Ascendent Transaction
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.2%
Tags
acquisition
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News
Hollysys Reiterates Strong Support for Ascendent Deal; Provides Update on Engagement with Dazheng
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.19%
Tags
none
News
Hollysys Engages With Buyer Consortium Led by Dazheng Group Following Recommendations Against Ascendent Transaction from Leading Proxy Advisors
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
Tags
none
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News
Hollysys Announces Shareholder Meeting to Vote on Acquisition by Ascendent Capital Partners
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.54%
Tags
acquisition
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News
Hollysys Announces End of "Go-Shop" Period under Merger Agreement with Ascendent Capital Partners
Rhea-AI Summary
Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) concludes 'go-shop' period, receives additional acquisition proposals but determines none constitute a Superior Proposal
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
acquisition
News
Buyer Consortium Led by Dazheng Group Announces Enhanced All-Cash Proposal of US$29.00 Per Share to Acquire Hollysys
Rhea-AI Summary
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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End-of-Day
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acquisition
Stock HOLI logo
Hollysys Automation Technologies Ltd

Nasdaq:HOLI

HOLI Rankings

#2095 Ranked by Market Cap
#700 Ranked by Stock Gains
N/A Ranked by Dividends

HOLI Stock Data

1.58B
46.98M
11.14%
83.16%
8.87%
Other Commercial and Service Industry Machinery Manufacturing
Manufacturing
Link
China (Mainland)
Beijing

About HOLI

hollysys automation technologies, a nasdaq public listed company since 2008, is a leading provider of automation and control technologies and applications in china that enables its diversified industry and utility customers to improve operating safety, reliability, and efficiency. founded in 1993, hollysys has serves over 5,000 customers more than 20,000 projects in the industrial, railway, subway & nuclear industries with proven numerous track records, had established itself in the region of china, southeast asia, and the middle east. its proprietary technologies are applied in its industrial automation solution suite including dcs, plc, rmis, hams, ots, hollias batch, hollias apc suite, sis, tcc, atp, scada, nuclear power automation and control system and other products. after more than 20 years of stable growth, hollysys is growing into a global company, and strive to create more value to society and bring better life to human being by supplying cutting-edge products based on its co