Hollysys raises concerns over Dazheng's bid financing

Hollysys Automation Technologies

30/01/2024 01:33

Jan 29 (Reuters) - Hollysys Automation Technologies
 HOLI.F  said on Monday its special committee concluded that
China-based Dazheng Group's bid was not superior to an earlier
bid by private-equity firm Ascendent Capital, and also raised
concerns over equity financing by Dazheng.
    
    

 (Reporting by Rishabh Jaiswal in Bengaluru; Editing by Sherry
Jacob-Phillips)
 ((rishabh.jaiswal@thomsonreuters.com;))