Brief: Hollysys Provides Update On Sale Process

Hollysys Automation Technologies

30/10/2023 11:12

Oct 30 (Reuters) - Hollysys Automation Technologies Ltd
 HOLI.F :
    * HOLLYSYS PROVIDES UPDATE ON SALE PROCESS; RESPONDS TO
SHAREHOLDER REQUEST FOR SPECIAL MEETING
    * HOLLYSYS AUTOMATION TECHNOLOGIES LTD - BOARD SPECIAL
COMMITTEE
RECEIVES SEVERAL INDICATIONS OF INTEREST FROM FINANCIAL SPONSORS
AND STRATEGIC BUYERS
    * HOLLYSYS AUTOMATION TECHNOLOGIES - SALE PROCESS IS
TARGETED TO
BE AT AN ADVANCED STAGE, WITH A PREFERRED BIDDER IDENTIFIED, AS
SOON AS EARLY DECEMBER
    * HOLLYSYS AUTOMATION TECHNOLOGIES-  SPECIAL COMMITTEE
CONSIDERING
BIDS SUBMITTED BY RECCO CONSORTIUM AND BY REPRESENTATIVES OF
HOLLYSYS MANAGEMENT TEAM

Source text for Eikon:  ID:nPn8Q8hHTa 
Further company coverage:  HOLI.F 

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