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BEIJING, July 18, 2024 /PRNewswire/ — Hollysys Automation Applied sciences Ltd. (NASDAQ: HOLI) (“Hollysys” or the “Company”) these days introduced that it expects to finish its merger transaction with a purchaser managed by means of Ascendent Capital Companions once July 25, 2024.
The events have effectively acquired all important approvals and be expecting to fulfill (or download waiver of) all ultimate statuses by means of this expected ultimate past. The Corporate has notified Nasdaq of its purpose to delist its stocks from the NASDAQ World Make a selection Marketplace on that past or in a while thereafter.
About Hollysys Automation Applied sciences Ltd.
Hollysys is a important automation regulate machine answers supplier in China, with in another country operations in 8 alternative nations and areas all the way through Asia. Leveraging its proprietary generation and deep trade expertise, Hollysys empowers its shoppers with enhanced operational protection, reliability, potency, and understanding that are crucial to their companies. Hollysys derives its revenues basically from offering built-in answers for commercial automation and rail transportation. In commercial automation, Hollysys delivers the overall spectrum of automation {hardware}, device, and services and products spanning garden gadgets, regulate methods, undertaking production control and cloud-based programs. In rail transportation, Hollysys supplies complex signaling regulate and SCADA (Supervisory Regulate and Knowledge Acquisition) methods for high-speed rail and concrete rail (together with subways). Based in 1993, with technical experience and innovation, Hollysys has grown from a analysis crew focusing on automation regulate within the energy trade into a gaggle offering built-in automation regulate machine answers for purchasers in numerous trade verticals. As of June 30, 2023, Hollysys had cumulatively performed greater than 45,000 initiatives for about 23,000 shoppers in numerous sectors together with energy, petrochemical, high-speed rail, and concrete rail, during which Hollysys has established important marketplace positions.
About Ascendent Capital Companions
Ascendent Capital Companions, headquartered in Hong Kong, is a non-public fairness funding control company managing belongings for international institutional traders, together with free wealth budget, endowments, pensions and foundations.
Ascendent has effectively led and done a immense selection of leading edge and ground-breaking personal fairness investments, producing sturdy risk-adjusted returns for traders and trade enlargement for our portfolio corporations. Ascendent has established a constant observe file in offering recommendation and resolution capital to marketers, trade homeowners and control groups, construction long-lasting relationships thru in-depth collaboration. For extra details about Ascendent, please seek advice from Ascendent’s site at www.ascendentcp.com.
Defend Harbor Statements
This leave accommodates forward-looking statements throughout the which means of the Personal Securities Litigation Reform Function of 1995. All statements, alternative than statements of historic truth incorporated herein are “forward-looking statements,” together with statements in regards to the skill of the Corporate to succeed in its business goals; the trade technique, plans and goals of the Corporate; enlargement in monetary and operational efficiency of the Corporate; and any alternative statements of non-historical knowledge. Those forward-looking statements are incessantly known by means of the worth of forward-looking terminology equivalent to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident,” or indistinguishable expressions contain identified and unknown dangers and uncertainties. Such forward-looking statements, founded upon the flow ideals and expectancies of Hollysys’ control, are topic to dangers and uncertainties, which might reason fresh effects to fluctuate from the forward-looking statements. Even if the Corporate believes that the expectancies mirrored in those forward-looking statements are cheap, they do contain guesses, dangers and uncertainties, and those expectancies would possibly end up to be wrong. Buyers will have to no longer park undue reliance on those forward-looking statements, which talk best as of the past of this press leave. The Corporate’s fresh effects may fluctuate materially from the ones expected in those forward-looking statements because of plenty of elements, together with the ones mentioned within the Corporate’s reviews which are filed with the Securities and Change Fee and to be had on its site (http://www.sec.gov). All forward-looking statements on account of the Corporate or individuals performing on its behalf are expressly certified of their entirety by means of those elements. Alternative than as required below the securities rules, the Corporate does no longer think an obligation to replace those forward-looking statements.
Touch Knowledge
Corporate Touch:
Hollysys Automation Applied sciences Ltd.
www.hollysys.com
+8610-5898-1386
[email protected]
Media Contacts (Hong Kong and Untouched York):
Brunswick Workforce
[email protected]
Daniel Del Re (Hong Kong)
[email protected]
+852 9255 5136
Libby Lloyd (Untouched York)
[email protected]
+1 347 283 3871
SOURCE Hollysys Automation Applied sciences Ltd
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