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Hollysys holders push for special shareholder meeting amid takeover offers – reports

August 31, 2023
Source: seekingalpha.com seekingalpha.com
News Snapshot:
Shareholders of Chinese automation control system firm Hollysys Automation (NASDAQ:HOLI) are pushing for the company to hold special shareholder vote amid takeover offers for the company, according to reports from Bloomberg and Reuters. The shareholders, who own 32.2% of Hollysys (HOLI) shares outstanding, are frustrated that although the board has received takeover offers, it has yet to start a sales process, according to a Reuters report earlier Wednesday, which cited people familiar with the matter and a letter viewed by the publication. The letter was sent to the automation control system company on behalf of 33 investors, including hedge funds...
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China Tech Buzz Topics: automation | bid | Bloomberg | capital | Chinese | CITIC | fund | investment | investor | IT | LED | management | nasdaq | report | Reuters | sales | shareholder | shares | stock market | technology

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