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home / news releases / HOLI - The buyer consortium seeks Hollysys shareholder support on acquisition proposal

HOLI - The buyer consortium seeks Hollysys shareholder support on acquisition proposal

Hollysys Automation Technologies Ltd.
The buyer consortium consisting of CPE Funds Management Limited, Mr. Shao Baiqing, and Ace Lead Profits commenced a solicitation of consents from shareholders of Hollysys Automation Technologies (HOLI) regarding the Consortium’s proposed acquisition of the Company.The Consortium, including co-founder and former Hollysys CEO Baiqing Shao, Ace Funds, and Chinese P-E firm CPE Funds Management, offered to acquire Hollysys Automation Technologies for $17.10/share.The Consortium is mailing a letter to large beneficial-owner shareholders through their banks and brokers, along with a WHITE consent card.Hollysys shareholders, as of June 24, 2021, are eligible to submit consents.Shares +9% premarket.

For further details see:

The buyer consortium seeks Hollysys shareholder support on acquisition proposal
Stock Information
Company Name: Hollysys Automation Technologies Ltd.
Stock Symbol: HOLI
Market: NASDAQ
Website: hollysys.com.sg
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