Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Hollysys Automation Technologies / Event-Driven

Hollysys Automation Technologies (HOLI US)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/hollysys-automation-technolo" target="_blank" data-smartkarma-citation="entities:26078:1" rel="noopener">Hollysys Automation Technology (HOLI US)</a> has officially <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=101533&amp;ref=116254323&amp;type=PDF&amp;symbol=HOLI&amp;companyName=Hollysys+Automation+Technologies+Ltd.&amp;formType=6-K&amp;dateFiled=2021-11-15&amp;CK=1357450" target="_blank" rel="noopener">acknowledged</a> a non-binding Offer from <a href="https://www.smartkarma.com/entities/zhejiang-longsheng-group-co-ltd" target="_blank" data-smartkarma-citation="entities:1751:1" rel="noopener">Zhejiang Longsheng Group Co., (600352 CH)</a> and Loyal Valley Innovation Capital at US$24/share. </li>
<li>The replacement of Hollysys auditor (EY) and its current inability to file its annual report remain ongoing.</li>
<li>Such accounting-related issues will constrain the timing, negotiation, and entry into of any definitive acquisition agreement.</li>
</ul>



Hollysys Automation Technology (HOLI US) has officially acknowledged a non-binding Offer from Zhejiang Longsheng Group Co., (600352 CH) and Loyal Valley Innovation Capital at US$24/share. 
The replacement of Hollysys auditor (EY) and its current inability to file its annual report remain ongoing.
Such accounting-related issues will constrain the timing, negotiation, and entry into of any definitive acquisition agreement.


Hollysys (HOLI US): The Subtle Third Offer

China

Zhejiang Longsheng Group Co., Ltd. manufactures a variety of dyes including high intensity and rapid-dying Lonsperse Dye. The Company sells its products domestically and exports worldwide.

Zhejiang Longsheng Group Co., (600352 CH)

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Hollysys (HOLI US): The Subtle Third Offer

Hollysys, even without thinking about a deal, is cheap. And you have two friendly parties pitching Offers in excess of the last traded price. On...

David Blennerhassett