Hollysys Automation (HOLI) has released an update.
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Hollysys Automation Technologies Ltd. CEO Dr. Changli Wang sold a portion of his company shares for personal financial planning, retaining roughly 80% of his pre-sale holdings. He has committed to not selling any more shares until the completion of the company’s private transaction with Ascendent Capital Partners. Hollysys, a leading provider of automation control system solutions in China, is working towards fulfilling the conditions to finalize the going-private deal.
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