Hollysys Automation Technologies

Ascendent Capital Partners will acquire all outstanding shares of Hollysys Automation Technologies for USD1.66 billion, or USD26.50 per share in cash. The deal has been approved by 86.94% of Hollysys shareholders and is subject to regulatory approval.

A consortium led by Dazheng Group Acquisition, including TFI Asset Management and GA Technologies, announced a $1.8 billion all-cash bid to acquire Hollysys Automation Technologies at $29 per share.

Hollysys Automation Technologies has agreed to be acquired by Ascendent Capital Partners in an all-cash transaction valued at approximately US$1.66 billion, or US$26.50 per share. The deal was unanimously approved by Hollysys' board.

A consortium managed by Recco Control Technology Pte. Ltd. and Dazheng Group has confirmed an optional conditional offer to acquire Hollysys Automation Technologies Ltd for $1.55 billion ($25 per share).

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.

A buyer consortium led by Recco Control Technology Pte. Ltd. and Dazheng Group (Hong Kong) Investment Holdings Company Limited has submitted a non-binding offer to acquire Hollysys Automation Technologies Ltd. for $25 per share in cash. The offer was initially submitted on December 3, 2021, and reiterated on January 24, 2022.

Hollysys Automation Technologies won contracts totaling approximately RMB 337.5 million ($48.6 million) to provide signaling products for the Zhengzhou-Wanzhou High Speed Railway and 98 sets of Automatic Train Protection for high-speed trains.