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
Acquiring Company
Dazheng Group Limited
Acquired Company
Hollysys
Saudi Arabia
SingaporeOtherCommerce And ShoppingConsumer GoodsInternet ServicesTransportationGamingDescription
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.
Quick answer
Dazheng Group Limited and The Consortium are acquiring Hollysys, announced January 24, 2022.
- How much did Dazheng Group Limited pay for Hollysys?
- The deal value was not disclosed.
- Where are Dazheng Group Limited and Hollysys based?
- Hollysys is based in Singapore.
Source: Fundz verified event record.
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Frequently asked
Who acquired Hollysys?
Hollysys was acquired by Dazheng Group Limited. The deal was reported on January 24, 2022. Dazheng Group Limited is privately held.
When did Dazheng Group Limited acquire Hollysys?
Dazheng Group Limited's acquisition of Hollysys was reported on January 24, 2022. Recco Control Technology Pte. Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Hollysys do?
Hollysys is the company acquired in this transaction. It is privately held, and is based in Singapore.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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