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home / news releases / HOLI - Hollysys Investors Seeing A Light At The End Of The Tunnel... And It's Not An Oncoming Train

HOLI - Hollysys Investors Seeing A Light At The End Of The Tunnel... And It's Not An Oncoming Train

Hollysys Automation Technologies Ltd.
  • Hollysys has a strong $23/share bid on the table from a group that includes Ascendent Capital Partners and Changli Wang, the founder, former Chairman, and former CEO of Hollysys.
  • Management is late reporting fiscal fourth quarter results, leading me to think they're seriously considering the bid, and the company recently announced two current executive officers are supporting the bidders.
  • A top-level preannouncement from management suggests materially better fourth quarter results than I expected, including strong Industrial Automation sales, and recent awards have been very encouraging.
  • The $23/share bid approximates my estimate of Hollysys' value today and there's no execution risk for shareholders, though it comes at the cost of standalone upside.

For further details see:

Hollysys Investors Seeing A Light At The End Of The Tunnel... And It's Not An Oncoming Train
Stock Information
Company Name: Hollysys Automation Technologies Ltd.
Stock Symbol: HOLI
Market: NASDAQ
Website: hollysys.com.sg
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