Press Releases
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2023 Archives
Dec 27, 2023 Company receives additional offers during "go-shop" period None of the offers received constitutes or would reasonably be expected to result in a Superior Proposal BEIJING, Dec. 27, 2023... |
Dec 11, 2023 Hollysys Board has unanimously approved Ascendent's all cash offer at 42% premium to the unaffected price as of 23 August 2023 Agreement marks culmination of formal sale process conducted by... |
Nov 22, 2023 - Hollysys intends to hold special meeting of shareholders in January 2024 - Special Committee continues sale process in expedited manner BEIJING, Nov. 22, 2023 /PRNewswire/ -- Hollysys Automation... |
Nov 15, 2023 First Quarter of Fiscal Year 2024 Financial Highlights Total revenues were $199.9 million, an increase of 17.6% compared to the comparable prior year period. Gross margin was 34.6%, compared to... |
Oct 30, 2023 - Board Special Committee receives several indications of interest from financial sponsors and strategic buyers - Board to confirm plans for special meeting, pending outcome of November 21 court... |
Oct 24, 2023 - Proposal on behalf of management team offers U.S. $25 per share - - Sale process continues as Special Committee engages other parties- BEIJING, Oct. 24, 2023 /PRNewswire/ -- Hollysys Automation... |
Oct 2, 2023 - Forms special committee of independent directors to conduct process - - Will evaluate proposal from bidder group - - Deutsche Bank to solicit additional potential offers on behalf of the Company... |
Sep 5, 2023 Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") announced that on August 23, 2023, it received from certain shareholders of the Company, notices of intention... |
Aug 15, 2023 Fiscal Year 2023 Financial Highlights Total revenues were $777.4 million, an increase of 9.9% compared to the comparable prior year period. Unfavorable impact from depreciation of Renminbi against... |
May 16, 2023 First Nine Months of Fiscal Year 2023 Financial Highlights Total revenues were $582.4 million, an increase of 10.9% compared to the comparable prior year period. Gross margin was 33.4%, compared... |
Feb 15, 2023 First Half of Fiscal Year 2023 Financial Highlights Total revenues were $414.8 million, an increase of 12.2% compared to the comparable prior year period. Gross margin was 36.1%, compared to 35.3%... |