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Hollysys acquisition by Ascendent receives shareholder approval

Hollysys announced the voting results of the Extraordinary General Meeting of Ascendent Capital Partners, a private equity investment management firm managing assets for global institutional investors. The EGM concluded with the overwhelming majority of Hollysys shareholders approving all resolutions, including the resolution pursuant to which Ascendent will acquire all outstanding shares of Hollysys that it does not currently own for $26.50 per share in cash.

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