BEIJING, July 18, 2024 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that it expects to complete its merger transaction with a buyer controlled by Ascendent Capital Partners as soon as July 25, 2024. The parties have successfully obtained all necessary approvals and expect to satisfy (or obtain waiver of) all closing conditions by this anticipated closing date. The Company has notified Nasdaq of its intention to delist its shares from the ...

BEIJING, July 2, 2024 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that it has been informed by Ascendent Capital Partners ("Ascendent") that a buyer controlled by Ascendent has obtained all the PRC approvals required to be obtained by the buyer to complete the merger transaction with the Company. The transaction will close upon satisfaction or waiver of all closing conditions in accordance with the merger agreement, including, among othe ...

BEIJING, June 3, 2024 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced the appointment of Vocation HK CPA Limited ("Vocation") as its independent registered public accounting firm, effective May 28, 2024. The appointment of Vocation was made after a careful and thorough evaluation process and has been approved by Hollysys' board and audit committee. Vocation will replace Union Power HK CPA Limited ("Union Power") as Hollysys' independent regi ...

Expects to maintain majority of his holdings in the Company in anticipation of the going private transaction closing BEIJING, May 22, 2024 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") has been informed by its Chief Executive Officer, Dr. Changli Wang, that his recent sale of Company shares was made solely for his own personal financial planning needs. Dr. Wang has informed the Company that following the sale, he holds approximately 80% of his pre-sale ho ...

First Nine Months of Fiscal Year 2024 Financial Highlights Total revenues were $597.1 million, an increase of 2.5% compared to the comparable prior year period. Gross margin was 31.0%, compared to 33.4% for the comparable prior year period. Non-GAAP gross margin was 31.2%, compared to 33.6% for the comparable prior year period. Net income attributable to Hollysys was $49.7 million, a decrease of 38.8% compared to the comparable prior year period. Non-GAAP net income attributable to Hollysys was $51.0 millio ...

First Half of Fiscal Year 2024 Financial Highlights Total revenues were $423.6 million, an increase of 2.1% compared to the comparable prior year period. Gross margin was 31.9%, compared to 36.1% for the comparable prior year period. Non-GAAP gross margin was 32.1%, compared to 36.3% for the comparable prior year period. Net income attributable to Hollysys was $45.8 million, a decrease of 34.3% compared to the comparable prior year period. Non-GAAP net income attributable to Hollysys was $46.8 million, a de ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Hollysys Automation Technologies Reports Unaudited Financial Results for the Second Quarter and the First Half Year Ended December 31, 2023 First Half of Fiscal Year 2024 Financial Highlights • Total revenues were $423.6 million, an increase of 2.1% compared to the comparable prior year period. • Gross margin was 31.9%, compared to 36.1% for the comparable prior year period. Non-GAAP gross margin was 32.1%, compared to 36.3% for the comparable prior year period. • Net inco ...

Approximately 86.94% of the shareholders who voted at the shareholders meeting approved Ascendent's acquisition proposal; Approximately 76.95% of shareholders voted, underlining the competitive value that has been offered to them. Ascendent is committed to securing regulatory approvals and closing the acquisition expeditiously. HONG KONG, Feb. 8, 2024 /PRNewswire/ -- Ascendent Capital Partners ("Ascendent"), a private equity investment management firm managing assets for global institutional investors, is p ...

合并协议通过 - 公司股东在特别股东大会上投票通过了与Ascendent Capital Partners、Superior Technologies Holding Limited和Superior Technologies Mergersub Limited签订的合并协议[1] - 股东中有大约76.95%的股份投票支持了合并协议，以及相关文件和交易[2] - 股东还授权并批准了三位独立董事的任命[3] - 公司董事会表示感谢股东对合并的支持，并承诺努力实现交易的成功关闭[4]

财团收购Hollysys - Dazheng Group领导的买方财团重申以每股29.50美元收购Hollysys的优势[1] - 财团强调其承诺以每股29.50美元收购Hollysys的决心不会受到Hollysys股价波动、市场条件或即将于2024年2月8日举行的特别股东大会上拒绝Ascendent交易的影响[2] - 财团的报价相对于Ascendent的报价具有更高的交易确定性，并获得了高于行业标准的融资[3] - 财团承诺除非超过Hollysys股东的20%行使反对和评估权利，否则将关闭其提议的交易[4]