Hollysys announces shareholder approval of Ascendent merger agreement

Hollysys announced that, at an extraordinary general meeting of shareholders, the company’s shareholders voted in favor of, among other things, the proposal to authorize and approve the agreement and plan of merger, dated as of December 11, 2023, by and among the company and entities affiliated with Ascendent Capital Partners, Superior Technologies Holding and Superior Technologies Mergersub, pursuant to which, Merger Sub will merge with and into the company, with the company continuing as the surviving company and becoming a wholly owned subsidiary of Parent, the articles of merger and the plan of merger to be filed with the Registrar of Corporate Affairs of the British Virgin Islands, and the transactions contemplated thereby, including the merger.