Hollysys Reiterates Strong Support for Ascendent Deal; Provides Update on Engagement with Dazheng

January 29, 2024

https://www.prnewswire.com/news-releases/hollysys-reiterates-strong-support-for-ascendent-deal-provides-update-on-engagement-with-dazheng-302047294.html

– 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 

Read more at prnewswire.com

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