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Buyer Consortium Led By Recco Control Technology Pte. Ltd. And Dazheng Group (Hong Kong) Investment Holdings Company Limited Announces Non-Binding Offer To Acquire Hollysys

Buyer Consortium Led By Recco Control Technology Pte. Ltd. And Dazheng Group (Hong Kong) Investment Holdings Company Limited Announces Non-Binding Offer To Acquire Hollysys

01/24/22, 10:09 AM
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Recco Control Technology Pte. Ltd. and Dazheng Group (Hong Kong) Investment Holdings Company Limited, as certain members of the buyer consortium, announced today that, on December 3, 2021, the consortium submitted a non-binding proposal to acquire Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (the "Company") in an all-cash transaction via a friendly negotiated merger and sent today a letter to the board of directors of the Company reiterating the proposal and requesting to commence due diligence and negotiation processes with the buyer consortium in order to maximize shareholder value.

Company Info

Company
the Consortium
Company info
The consortium is led by Recco Control Technology Pte. Ltd and Dazheng Group (Hong Kong) Investment Holdings Company Limited and include other members, including a Chinese state-owned strategic investor in the same and adjacent industries.Contact: Mr. Ke LEI, Tel. +86 139 0290 1093 E-Mail: leike0920@gmail.com This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. No tender offer for the shares of Hollysys Automation Technologies Ltd. has commenced at this time.
Company
Dazheng Group Limited