echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > China Chemical > It is rumored that Beijing Infrastructure plans to acquire Helixi Automation for US$1.9 billion

    It is rumored that Beijing Infrastructure plans to acquire Helixi Automation for US$1.9 billion

    • Last Update: 2022-04-30
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    [ Star Enterprise of Chemical Machinery and Equipment Network ] On March 15, before the US stock market opened, the share price of Hollysys Automation (HOLI.
    US) rose more than 12% in the pre-market market.
    According to market sources, it is reported that Beijing Infrastructure (Beijing Infrastructure), the state-owned operator of Beijing railway and subway.
    Beijing Infrastructure) is considering a $1.
    9 billion acquisition of the company
    .
    Beijing Infrastructure has held preliminary talks on the acquisition of Belize Automation, but the talks are still in the early stages
    .

     
    Chemical Machinery Equipment Net Star Enterprise Chemical Machinery Equipment
    Last week, market news suggested that TFI Asset Management may acquire and Nessie Automation
    .

     

    Zhitong Finance APP noted that Hollysys Automation has received several different takeover offers over the past year or so, including a $25 per share offer in late January from a consortium led by Recco Control Technology and Dazheng Group (Hong Kong) Investment
    .

     

    Hollysys Automation also received a non-binding offer from Superior Emerald (Cayman) Limited on July 20, 2021 to acquire all outstanding ordinary shares of the Company for $23.
    00 per share in cash (the "Emerald Offer" )
    .
    Superior Emerald (Cayman) Limited is controlled by Ascendent Capital Partners and Wang Changli
    .
    Wang Changli, the founder of Hollysys Automation, retired in 2013
    .
    Wang Changli re-appointed the CEO of Hollysys Automation in January this year
    .

     

    In December 2020, Hollysys Automation received a non-binding preliminary takeover proposal from Hollysys co-founder and former CEO Baiqing Shao, Ace Lead Profits Limited and CPE Funds Management at a proposed purchase price of ordinary shares per share.
    Shares in cash at $15.
    47
    .

     

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.