News & Videos - HOLLYSYS AUTOMATION TECHNOLOGIES

Hollysys Automation Technologies Reports Unaudited Financial Results for the Second Quarter and the First Half Year Ended December 31, 2023 PR Newswire BEIJING, March 7, 2024 First Half of Fiscal Year 2024 Financial Highlights Total revenues were $423.6 million , an increase of 2.1% compared to the comparable prior year period. Gross margin was 31.9%, compared to 36.1% for the comparable prior year period. Non-GAAP gross margin was 32.1%, compared to 36.3% for the comparable prior year period....

Hollysys Announces Shareholder Approval of Merger Agreement with Ascendent PR Newswire BEIJING, Feb. 8, 2024 BEIJING , Feb. 8, 2024 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that, at an extraordinary general meeting of shareholders ("EGM") held today, the Company's shareholders voted in favor of, among other things, the proposal to authorize and approve the agreement and plan of merger, dated as of December 11 , 2023 (the...

Hollysys Recommends Shareholders Vote FOR Ascendent Transaction to Secure Compelling Value PR Newswire BEIJING, Jan. 31, 2024 Updated proxy to detail recent engagement with Dazheng BEIJING , Jan. 31, 2024 /PRNewswire/ -- The Board of Directors of Hollysys Automation Technologies Ltd. ("Hollysys" or the "Company") today issued a letter to shareholders reiterating its support for the proposed acquisition of the Company by a buyer controlled by Ascendent Capital Partners ("Ascendent") at the...

Hollysys Reiterates Strong Support for Ascendent Deal; Provides Update on Engagement with Dazheng PR Newswire BEIJING, Jan. 29, 2024 - Special Committee concluded Dazheng proposal was not superior after rigorous negotiations - Dazheng was unable to provide sufficient assurances around equity financing and last-minute introduction of yet another new member after multiple changes in its consortium composition raised further questions that could not be resolved - Special Committee strongly...

Hollysys Announces Shareholder Meeting to Vote on Acquisition by Ascendent Capital Partners PR Newswire BEIJING, Jan. 5, 2024 -- Board recommends shareholders to vote "FOR" merger agreement for acquisition by Ascendent at $26.50 /share BEIJING , Jan. 5, 2024 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that it will hold an extraordinary general meeting (the "EGM") of shareholders on Thursday, February 8, 2024 at 10:00 a.m....

Hollysys Announces End of "Go-Shop" Period under Merger Agreement with Ascendent Capital Partners PR Newswire BEIJING, 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 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced the end of the "go-shop" period as provided for in the merger...

Hollysys to be Acquired by Ascendent Capital Partners for US$26.50 in Cash Per Share PR Newswire BEIJING, 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 Special Committee of independent directors BEIJING , Dec. 11, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that it...

Hollysys Update: EGM, Sale Process PR Newswire BEIJING, 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 Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced its intention to hold a special meeting of shareholders in the week commencing January 22, 2024 following the requests of certain shareholders to convene...

Hollysys Automation Technologies Reports Unaudited Financial Results for the First Quarter Ended September 30, 2023 PR Newswire BEIJING, 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 31.1% for the comparable prior year period. Non-GAAP gross margin was 34.8%, compared to 31.3% for the comparable prior year period. Net income...

Hollysys Provides Update on Sale Process; Responds to Shareholder Request for Special Meeting PR Newswire BEIJING, 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 hearing on an injunction application against Ace Lead Profits and its Hollysys shares BEIJING , Oct. 30, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ:...

Hollysys Provides Update on Ongoing Sale Process and Special Meeting Request; Discloses Offer from Management-Backed Buyer Group PR Newswire BEIJING, 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 Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that its special committee of independent directors (the...

Hollysys Announces Formal Sale Process as Part of Review of Strategic Options PR Newswire BEIJING, 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 - BEIJING , Oct. 2, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), today announced the formation of a special committee (the "Special...

Hollysys Receives Notices of Intention to Request Special Meeting of Shareholders and Additionally an Unsolicited Offer to Acquire the Company PR Newswire BEIJING, Sept. 5, 2023 BEIJING , Sept. 5, 2023 /PRNewswire/ -- 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 (collectively, the "Notices of Intention") to request the board of directors of the...

Hollysys Automation Technologies Reports Unaudited Financial Results for the Fourth Quarter and the Fiscal Year Ended June 30, 2023 PR Newswire BEIJING, 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 the U.S. dollar has adversely affected our revenues for fiscal year 2023. Gross margin was 32.9%, compared to 33.8% for the comparable...

Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2023 PR Newswire BEIJING, 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 to 33.9% for the comparable prior year period. Non-GAAP gross margin was 33.6%, compared to 34.1% for the comparable prior year...

Hollysys Automation Technologies Reports Unaudited Financial Results for the Second Quarter and the First Half Year Ended December 31, 2022 PR Newswire BEIJING, 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% for the comparable prior year period. Non-GAAP gross margin was 36.3%, compared to 35.4% for the comparable prior year period....

Hollysys Automation Technologies Reports Unaudited Financial Results for the First Quarter Ended September 30, 2022 PR Newswire BEIJING, Nov. 15, 2022 First Quarter of Fiscal Year 2023 Financial Highlights Total revenues were $170.0 million , an increase of 10.9% compared to the comparable prior year period. Gross margin was 31.1%, compared to 34.2% for the comparable prior year period. Non-GAAP gross margin was 31.3%, compared to 34.3% for the comparable prior year period. Net income...

Hollysys Automation Technologies Reports Unaudited Financial Results for the Fiscal Year and the Fourth Quarter Ended June 30, 2022 PR Newswire BEIJING, Aug. 12, 2022 Fiscal Year 2022 Financial Highlights Total revenues were $707.5 million , an increase of 19.2% compared to the comparable prior year period. Gross margin was 33.8%, compared to 36.8% for the comparable prior year period. Non-GAAP gross margin was 34.0%, compared to 36.8% for the comparable prior year period. Net income...

Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2022 PR Newswire BEIJING, April 29, 2022 First Nine months of Fiscal Year 2022 Financial Highlights Total revenues were $525.3 million , an increase of 20.9% compared to the comparable prior year period. Gross margin was 33.9%, compared to 36.4% for the comparable prior year period. Non-GAAP gross margin was 34.1%, compared to 36.4% for the comparable prior year...

Hollysys Automation Technologies Reports Unaudited Financial Results for the Second Quarter and the First Half Year Ended December 31, 2021 PR Newswire BEIJING, March 15, 2022 First Half of Fiscal Year 2022 Financial Highlights Total revenues were $369.6 million , an increase of 13.8% compared to the comparable prior year period. Gross margin was 35.3%, compared to 36.1% for the comparable prior year period. Non-GAAP gross margin was 35.4%, compared to 36.1% for the comparable prior year period....