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HollySys Comments on BVI Court Decision Denying Claim of Mr. Baiqing Shao and Ace Lead Profits Limited

HollySys Comments on BVI Court Decision Denying Claim of Mr. Baiqing Shao and Ace Lead Profits Limited
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Buyer Consortium Updates Shareholders of Hollysys Automation Technologies With Additional Information Relating to Consent Solicitation

Press release content from Business Wire. The AP news staff was not involved in its creation.
Buyer Consortium Updates Shareholders of Hollysys Automation Technologies With Additional Information Relating to Consent Solicitation
July 14, 2021 GMT
BEIJING (BUSINESS WIRE) Jul 14, 2021
The buyer consortium (the “Consortium”) consisting of Mr. Shao Baiqing, Ace Lead Profits Limited, and CPE Funds Management Limited today issued a letter to shareholders of Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (the “Company” or “Hollysys”) with additional information regarding the Consortium’s proposed acquisition of the Company and the consent solicitation. The Consortium strongly believes that the proposed acquisition is the best and only option to shareholders to achieve immediate liquidity on their investment, at a highly attractive premium and with far greater certainty. The Consortium reminds shareholders of the Company as of June 24, 2021 to sign, da ....

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Hollysys' Response to Ace Lead Profits Limited Misleading Press Release

Hollysys Response to Ace Lead Profits Limited Misleading Press Release
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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 ( Ace Lead ) against the Company before the Commercial Division of the Eastern Caribbean Supreme Court, Territory of the British Virgin Islands (the Court ).
The Company notes that the Press Release contains multiple misleading statements in relation to the Court process, which the Company feels compelled to clarify. ....

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Shao Baiqing and Ace Lead Profits Limited Won Preliminary Victory Against Hollysys Automation Technologies in the BVI

Shao Baiqing and Ace Lead Profits Limited Won Preliminary Victory Against Hollysys Automation Technologies in the BVI
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On March 8, 2021, Justice Gerhard Wallbank of the Commercial Division of the Eastern Caribbean Supreme Court, Territory of the British Virgin Islands (the “Court”) approved an order (the “Order”)
recording a preliminary victory by Shao Baiqing (“Mr. Shao”) and Ace Lead Profits Limited (“Ace Lead”, together with Mr. Shao, the “Claimants”) in their lawsuit against Hollysys Automation
Technologies Ltd. (NASDAQ: HOLI) (the “Company”), filed on February 1, 2021. In the lawsuit, the Claimants challenge the legality of recent wide-ranging amendments to the Company’s memorandum and ....

British Virgin Islands , Justice Gerhard Wallbank , Shao Baiqing , Diesen Artikel , Division Of The Eastern Caribbean Supreme Court , Ace Lead Profits Limited , Funds Management Limited The Consortium , Statement Of The Consortium , Company The Board , Hollysys Automation Technologies Ltd , Business Wire , Commercial Division , Eastern Caribbean Supreme Court , Hollysys Automation , Trace Lead , Management Limited , Hollysys Automation Technologies , பிரிட்டிஷ் கன்னி தீவுகள் , பிரிவு ஆஃப் தி கிழக்கு கரீபியன் உச்ச நீதிமன்றம் , கெலிப்புச் சிற்றெண் வழி நடத்து ப்ராஃபிட்ஸ் வரையறுக்கப்பட்டவை , நிதி மேலாண்மை வரையறுக்கப்பட்டவை தி கூட்டமைப்பு , அறிக்கை ஆஃப் தி கூட்டமைப்பு , நிறுவனம் தி பலகை , வணிக கம்பி , வணிகரீதியானது பிரிவு , கிழக்கு கரீபியன் உச்ச நீதிமன்றம் ,

Hollysys' Board of Directors Received a Notice From Hollysys Committee on Trust Interests

Hollysys Board of Directors Received a Notice From Hollysys Committee on Trust Interests
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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 on February 1, 2021 whereby the Board confirmed receipt of a revised unsolicited consortium proposal to acquire all the outstanding shares of Hollysys made by Shao Baiqing ( Mr. Shao ), Ace Lead Profits Limited ( Ace Lead ) and CPE Funds Management Limited (the Revised Proposal ). The Revised Proposal was exhibited to the Schedule 13D (Amendment No.2) dated January 29, 2021 filed jointly by Mr. Shao and Ace Lead (the Amended Schedule 13D ). It was stated in the Amended Schedule 13D that Ace Lead is wholly owned and controlled by Mr. Shao and Mr. Shao may be deemed to be a beneficial owner of the shares of the Compa ....

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