Hollysys Automation (HOLI) has released an update.
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Hollysys Automation Technologies Ltd. is set to finalize its merger with a buyer from Ascendent Capital Partners by July 25, 2024, having received all necessary approvals and expecting to meet all closing conditions. The company plans to delist its shares from the NASDAQ Global Select Market shortly after this date. Hollysys is renowned for its automation control system solutions in China and has a strong presence in various sectors including power, petrochemical, and rail transportation.
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