Recco and Dazheng reaffirm interest in acquiring Hollysys

Recco Control Technology and Dazheng Group entered a non-binding MOU with Great Wall Capital Management for co-investment opportunities, and reaffirmed their interest in acquiring Hollysys Automation Technologies Ltd.

“Recco and Dazheng also reaffirm their interest in acquiring Hollysys and urge the board of Hollysys to open discussions with the consortium led by Recco and Dazheng in that regard.”prnewswire.com

• 2 sources
• prnewswire.comRecco Control Technology Pte. Ltd. and Dazheng Group (Hong Kong) Investment Holdings Company Limited Enter into a Strategic Cooperation MOU with Great Wall Capital Management Limited And Reaffirm Interest in Acquiring HollysysDAZHENG GROUP (HONG KONG) INVESTMENT HOLDINGS COMPANY LIMITEDMar 21, 2022
• prnewswire.comGreat Wall Capital Co., Ltd. Join Co-investment in Hollysys with Recco Control Technology Pte. Ltd. and Dazheng Group (Hong Kong) Investment Holdings Company LimitedGreat Wall Capital Co., Ltd.Apr 11, 2022

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