# 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.

- Type: Acquisition
- Announced: 2022-03-21
- Status: rumored
- Products: automation technologies
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Hollysys Automation Technologies](https://endata.com/companies/19331.md) (target)
- [Dazheng Group (Hong Kong) Investment Holdings](https://endata.com/companies/60533.md) (acquirer)
- [Dazheng Group (Hong Kong) Investment Holdings](https://endata.com/companies/60533.md) (investor)
- [Recco Control Technology Pte. Ltd.](https://endata.com/companies/61732.md) (acquirer)
- [Recco Control Technology Pte. Ltd.](https://endata.com/companies/61732.md) (investor)
- [Great Wall Capital Management Limited](https://endata.com/companies/61733.md) (partner)
- [Great Wall Capital Co., Ltd.](https://endata.com/companies/62229.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/recco-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-hollysys-301506450.html), 2022-03-21: "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](https://www.prnewswire.com/news-releases/great-wall-capital-co-ltd-join-co-investment-in-hollysys-with-recco-control-technology-pte-ltd-and-dazheng-group-hong-kong-investment-holdings-company-limited-301522556.html), 2022-04-11: "Great Wall Capital Co., Ltd. announced today that it has joined the co-investment with Recco Control Technology Pte. Ltd. and Dazheng Group (Hong Kong) Investment Holdings Company Limited in acquiring Hollysys Automation Technologies Ltd. on a non-binding basis."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.