Ascendent Wins Overwhelming Shareholder Support to Acquire Hollysys for US$26.50 Per Share
Acquiring Company
Ascendent Capital Partners
Acquired Company
Hollysys Automation Technologies Ltd
China
SingaporeFinancial ServicesAutomation Machinery ManufacturingDescription
Ascendent Capital Partners, a private equity investment management firm based in Hong Kong, has achieved overwhelming shareholder support to acquire Hollysys Automation Technologies Ltd. for US$26.50 per share. The acquisition was approved at the Company's Extraordinary General Meeting, signifying an important milestone for both companies and demonstrating the success of a transparent and thorough sale process.
Quick answer
Ascendent Capital Partners is acquiring Hollysys Automation Technologies Ltd, announced February 8, 2024. Ascendent Capital Partners is based in China.
- How much did Ascendent Capital Partners pay for Hollysys Automation Technologies Ltd?
- The deal value was not disclosed.
- What does Ascendent Capital Partners do?
- Ascendent Capital Partners is a private equity investment management firm managing assets for global institutional investors, including sovereign wealth funds, endowments, pensions, and foundations.
- Where are Ascendent Capital Partners and Hollysys Automation Technologies Ltd based?
- Ascendent Capital Partners is based in China. Hollysys Automation Technologies Ltd is based in Singapore, Southeast Asia, Singapore.
Source: Fundz verified event record.
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Frequently asked
Who acquired Hollysys Automation Technologies Ltd?
Hollysys Automation Technologies Ltd was acquired by Ascendent Capital Partners, based in China. The deal was reported on February 8, 2024. Ascendent Capital Partners is a private equity investment management firm managing assets for global institutional investors, including sovereign wealth funds, endowments, pensions, and foundations. Ascendent Capital Partners is privately held and operates in Financial Services.
When did Ascendent Capital Partners acquire Hollysys Automation Technologies Ltd?
Ascendent Capital Partners's acquisition of Hollysys Automation Technologies Ltd was reported on February 8, 2024. Ascendent Capital Partners, a private equity investment management firm based in Hong Kong, has achieved overwhelming shareholder support to acquire Hollysys Automation Technologies Ltd. for US$26.50 per share. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Hollysys Automation Technologies Ltd do?
Hollysys Automation Technologies Ltd. is a publicly traded company (NASDAQ: HOLI) with a focus on providing automation and control technologies, products, and services. It is privately held, operating in Automation Machinery Manufacturing, and is based in Singapore.
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