A Letter to Investors
BEIJING, Jan. 24, 2022 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications inChina, today made available the following open letter to investors from Dr.Changli Wang, the dire...
Hollysys Automation Technologies Announces its Chief Executive Officer and Director Change
BEIJING, Jan. 3, 2022 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications inChina, today announced that effective as ofJanuary 1, 2022, pursuant to the resolutions of the Boa...
HollySys Comments on BVI Court Decision Denying Claim of Mr. Baiqing Shao and Ace Lead Profits Limited
BEIJING, Sept. 24, 2021 /PRNewswire/ -- HollySys Automation Technologies Ltd. (NASDAQ: HOLI) ("HollySys" or the "Company"), a leading provider of automation and control technologies and applications inChina, today provided an update on the litigation filed by Mr.Baiqing Shao and Ace Lead Profits ...
HollySys Board of Directors Announces Update to Preliminary Non-Binding Offer
BEIJING, Aug. 24, 2021 /PRNewswire/ -- HollySys Automation Technologies Ltd. (NASDAQ: HOLI) ("HollySys" or the "Company"), a leading provider of automation and control technologies and applications inChina, today announced that the Company's Board of Directors (the "Board") has received from Supe...
Hollysys Board of Directors Evaluating Offers From Consortiums
BEIJING, Aug. 2, 2021 /PRNewswire/ -- HollySys Automation Technologies Ltd. (NASDAQ: HOLI) ("HollySys" or the "Company"), a leading provider of automation and control technologies and applications inChina, today announced that the Company's Board of Directors (the "Board") is in the process of ev...
HollySys Sets Record Straight on Consortium's Consent Solicitation
BEIJING, July 15, 2021 /PRNewswire/ -- HollySys Automation Technologies Ltd. (NASDAQ: HOLI) ("HollySys" or the "Company"), a leading provider of automation and control technologies and applications inChina, provides an update to shareholders. The Company refutes the false claims put forth by a co...
Hollysys Provides Business Update
BEIJING, July 6, 2021 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications inChina, today announced its business update and revised outlook: Business Update "With the easin...
Hollysys Urges Shareholders to Take No Action on Consortium's Consent Solicitation
BEIJING, July 1, 2021 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), today responded to the consent solicitation materials filed by CPE Funds Management, Ace Lead Profits, and an individual investor with the following statement: "The Hollysys ...
Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2021
First Nine months of Fiscal Year 2021 Financial Highlights * Total revenues were $434.7 million, an increase of 16.2% compared to the comparable prior year period. * Non-GAAP gross margin was at 36.4%, compared to 35.6% for the comparable prior year period. * Non-GAAP net income attributabl...
Hollysys Automation Technologies to Announce Fiscal Year 2021 Third Quarter Financial Results and Host Earnings Conference Call on May 13, 2021 US ET
BEIJING, April 30, 2021 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications in China, today announced that it will report its financial results for fiscal year 2021 third qua...
Hollysys' Response to Ace Lead Profits Limited Misleading Press Release
BEIJING, March 16, 2021 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") refers to a press release issued on March 14, 2021 (the "Press Release") concerning a purported "preliminary victory" by Shao Baiqing ("Mr. Shao") and Ace Lead Profits Limited...
Hollysys' Board of Directors Received a Notice From Hollysys Committee on Trust Interests
BEIJING, March 15, 2021 /PRNewswire/ -- The Board of Directors (the "Board") of Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") refers to the announcement made by the Company onFebruary 1, 2021 whereby the Board confirmed receipt of a revised unsolicited consort...
Hollysys Automation Technologies Reports Unaudited Financial Results for the Second Quarter and the First Half Year Ended December 31, 2020
First Half of Fiscal Year 2021 Financial Highlights * Total revenues were $324.8 million, an increase of 10.7% compared to the comparable prior year period. * Non-GAAP gross margin was at 36.1%, compared to 36.9% for the comparable prior year period. * Non-GAAP net income attributable to Ho...
Hollysys Automation Technologies to Announce Fiscal Year 2021 Second Quarter Financial Results and Host Earnings Conference Call on March 4, 2021 US ET
BEIJING, Feb 8, 2021 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "C-ompany"), a leading provider of automation and control technologies and applications in China, today announced that it will report its financial results for fiscal year 2021 second quar...
Hollysys' Board of Directors to Review Revised Unsolicited Proposal
BEIJING, Feb. 1, 2021 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company")'s Board of Directors (the "Board") has confirmed it received a revised unsolicited consortium proposal to acquire all the outstanding shares of Hollysys for$17.10 per share (th...
Hollysys Announces Management's Plan to Purchase Public Market Shares
BEIJING, Jan. 8, 2021 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announces that it has been notified that certain members of the Company's management team plan to purchase the Company's ordinary shares from the public market at market ...
Hollysys' Board of Directors Rejects Unsolicited Offer
BEIJING, Jan. 8, 2021 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), today announced that its Board of Directors (the "Board"), after careful review and consideration and with the assistance of its executive management team as well as outside f...
Hollysys Established Strategic Technology Research and Development Group
BEIJING, Dec. 22, 2020 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications inChina, announced today that it has established a strategic technology research and development gr...
Hollysys Announces Receipt of a Non-Binding "Going Private" Proposal
BEIJING, Dec. 10, 2020 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications inChina, announced today that its board of directors received an unsolicited non-binding proposal l...
Hollysys Automation Technologies Reports Unaudited Financial Results for the First Quarter Ended September 30, 2020
First Quarter of Fiscal Year 2021 Financial Highlights * Non-GAAP net income attributable to Hollysys was $20.8 million, a decrease of 30.2% compared to the comparable prior year period. * Total revenues were $129.5 million, an increase of 5.1% compared to the comparable prior year period. ...
