Profile
Sector:
IndustrialsIndustry:
Electrical Equipment & PartsCountry:
ChinaIPO:
31 August 2005Website:
http://www.hollysys.comNext earnings report:
15 August 2024Last dividends:
01 April 2022Next dividends:
N/APrice
regular market | 9 min agoAnalysts recommendations
Institutional Ownership
HOLI Latest News
BEIJING , July 2, 2024 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that it has been informed by Ascendent Capital Partners ("Ascendent") that a buyer controlled by Ascendent has obtained all the PRC approvals required to be obtained by the buyer to complete the merger transaction with the Company.
BEIJING , June 3, 2024 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced the appointment of Vocation HK CPA Limited ("Vocation") as its independent registered public accounting firm, effective May 28, 2024.
Expects to maintain majority of his holdings in the Company in anticipation of the going private transaction closing BEIJING , May 22, 2024 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") has been informed by its Chief Executive Officer, Dr. Changli Wang, that his recent sale of Company shares was made solely for his own personal financial planning needs.
In the first nine months of fiscal year 2024, total revenues increased by 2.5% to $597.1 million. The gross margin decreased to 31.0% from 33.4% in the same period last year.
Hollysys Automation Technologies Ltd.'s stock HOLI, +8.02% was up by 10% in premarket trading on Monday after it agreed to be taken private by Ascendent Capital Partners in a deal that values the company at $1.66 billion.
Shares of Hollysys Automation Technologies Ltd. HOLI, +3.39% rose 0.8% toward a two-year high in premarket trading Monday, after the China-based provider of automation control systems said it formed a special committee to conduct a formal sale process.
What type of business is Hollysys Automation Technologies?
Hollysys Automation Technologies Ltd. provides automation solutions in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising simulation training system, HolliAS asset management system, advanced process control, and manufacturing execution system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system. It also provides train control center that monitors route condition, track status, train schedules, distance between trains, and the working status of other function devices, as well as generates control instructions and commands. In addition, the company offers automation train protection that operates as a train over-speed protection mechanism; and supervisory control and data acquisition system, an open software platform. Further, it offers research and development services; and offers integrated automation control system solutions, mechanical and electrical solutions, and installation services, as well as provides medicine and healthcare, industrial digitization, and industrial information security solutions. The company serves customers in the industrial, railway, subway, nuclear power, and mechanical and electronic industries. The company was formerly known as HLS Systems International Ltd. and changed its name to Hollysys Automation Technologies Ltd. in July 2009. Hollysys Automation Technologies Ltd. was founded in 1993 and is headquartered in Beijing, the People's Republic China.
What sector is Hollysys Automation Technologies in?
Hollysys Automation Technologies is in the Industrials sector
What industry is Hollysys Automation Technologies in?
Hollysys Automation Technologies is in the Electrical Equipment & Parts industry
What country is Hollysys Automation Technologies from?
Hollysys Automation Technologies is headquartered in China
When did Hollysys Automation Technologies go public?
Hollysys Automation Technologies initial public offering (IPO) was on 31 August 2005
What is Hollysys Automation Technologies website?
https://www.hollysys.com
Is Hollysys Automation Technologies in the S&P 500?
No, Hollysys Automation Technologies is not included in the S&P 500 index
Is Hollysys Automation Technologies in the NASDAQ 100?
No, Hollysys Automation Technologies is not included in the NASDAQ 100 index
Is Hollysys Automation Technologies in the Dow Jones?
No, Hollysys Automation Technologies is not included in the Dow Jones index
When does Hollysys Automation Technologies report earnings?
The next expected earnings date for Hollysys Automation Technologies is 15 August 2024