Buyer Consortium Led by Dazheng Group Announces Enhanced All-Cash Proposal of US$29.00 Per Share to Acquire Hollysys

HONG KONG--(BUSINESS WIRE)--Buyer Consortium (“the Consortium”) led by Dazheng Group Acquisition Limited (“Dazheng Group”) today announces it has submitted an increased all-cash offer of US$29.00 per share, or approximately US$1.8 Billion, to acquire all outstanding shares of Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (“Hollysys”) in a letter sent to the Board on December 24, 2023. In addition to Dazheng Group and TFI Asset Management Limited, GA Technologies Limited has agreed to join the consor ...