SINGAPORE and HONG KONG, July 8, 2022 /PRNewswire/ -- Buyer consortium led by Recco Control Technology Pte. Ltd. ("Recco Control Technology") and Dazheng Group (Hong Kong) Investment Holdings Company Limited ("Dazheng Group") announces today that UBS AG Hong Kong Branch[1] has been engaged by Recco Control Technology and Dazheng Group as the financial advisor in connection with the consortium's proposed acquisition of Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys"). Members of the consortium also include TFI Asset Management Limited, and Great Wall Capital Co., Ltd has entered into a memorandum of strategic cooperation with Recco Control Technology and Dazheng Group in connection with the proposed acquisition of Hollysys.
Read more at prnewswire.comBuyer Consortium Led by Recco Control Technology and Dazheng Group Announces Engagement of UBS as Financial Advisor and Reaffirms Non-Binding Indicative Offer of $25 Per Share to Acquire Hollysys
Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.
