Hollysys Automation Technologies and Ascendent Capital Partners announced the completion of the merger between Hollysys and entities affiliated with Ascendent, pursuant to the previously announced agreement and plan of merger, dated as of December 11, 2023 among the Company, Superior Technologies Holding Limited and its wholly-owned subsidiary Superior Technologies Mergersub Limited. As a result of the Merger, the company has become a wholly owned subsidiary of Parent and will cease to be a publicly traded company. The company has requested that trading of its ordinary shares on the Nasdaq Global Select Market be suspended as of the close of trading on July 25.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HOLI:
- Hollysys Set for Merger Completion and NASDAQ Delisting
- Hollysys announces expected completion date of merger with Ascendent
- Hollysys Automation Nears Merger Completion
- Hollysys announces completion of regulatory review of merger transaction
- Ascendent Capital says obtained all needed PRC approvals for Hollysys deal