Dazheng Group Reaffirms Commitment to Acquire Hollysys Automation Technologies at US$29.50 per share and Urges Shareholders to Vote Against the Lower Priced Ascendent Transaction
Acquiring Company
Dazheng Group Acquisition Limited
Acquired Company
Hollysys Automation Technologies Ltd
China
SingaporeAngel InvestmentAutomation Machinery ManufacturingDescription
Dazheng Group Acquisition Limited reaffirms its commitment to acquire Hollysys Automation Technologies at the proposed price of US$29.50 per share. The Consortium urges Hollysys shareholders to vote against the lower priced Ascendent transaction, highlighting the uncertainties and risks associated with it.
Quick answer
Dazheng Group Acquisition Limited is acquiring Hollysys Automation Technologies Ltd, announced January 31, 2024. Dazheng Group Acquisition Limited is based in China.
- How much did Dazheng Group Acquisition Limited pay for Hollysys Automation Technologies Ltd?
- The deal value was not disclosed.
- What does Dazheng Group Acquisition Limited do?
- Dazheng Group Acquisition Limited is a leading buyer consortium based in Hong Kong.
- Where are Dazheng Group Acquisition Limited and Hollysys Automation Technologies Ltd based?
- Dazheng Group Acquisition Limited is based in China. Hollysys Automation Technologies Ltd is based in Singapore, Southeast Asia, Singapore.
Source: Fundz verified event record.
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Frequently asked
Who acquired Hollysys Automation Technologies Ltd?
Hollysys Automation Technologies Ltd was acquired by Dazheng Group Acquisition Limited, based in China. The deal was reported on January 31, 2024. Dazheng Group Acquisition Limited is a leading buyer consortium based in Hong Kong. Dazheng Group Acquisition Limited is privately held and operates in Angel Investment.
When did Dazheng Group Acquisition Limited acquire Hollysys Automation Technologies Ltd?
Dazheng Group Acquisition Limited's acquisition of Hollysys Automation Technologies Ltd was reported on January 31, 2024. Dazheng Group Acquisition Limited reaffirms its commitment to acquire Hollysys Automation Technologies at the proposed price of US$29.50 per share. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Hollysys Automation Technologies Ltd do?
Hollysys Automation Technologies Ltd. is a publicly traded company (NASDAQ: HOLI) with a focus on providing automation and control technologies, products, and services. It is privately held, operating in Automation Machinery Manufacturing, and is based in Singapore.
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