{"id":516116,"date":"2021-07-22T02:18:03","date_gmt":"2021-07-22T06:18:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/buyer-consortium-extends-deadline-for-hollysys-shareholders-to-submit-consents-to-august-20-2021\/"},"modified":"2021-07-22T02:18:03","modified_gmt":"2021-07-22T06:18:03","slug":"buyer-consortium-extends-deadline-for-hollysys-shareholders-to-submit-consents-to-august-20-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/buyer-consortium-extends-deadline-for-hollysys-shareholders-to-submit-consents-to-august-20-2021\/","title":{"rendered":"Buyer Consortium Extends Deadline for HollySys Shareholders to Submit Consents to August 20, 2021"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwmarginl1 { margin-left: 30px }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Buyer Consortium Extends Deadline for HollySys Shareholders to Submit Consents to August 20, 2021<\/b><\/p>\n<p>BEIJING&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe buyer consortium (the \u201cConsortium\u201d) consisting of Mr. Shao Baiqing, Ace Lead Profits Limited and CPE Funds Management Limited today announces the extension of the deadline by which shareholders of Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (the \u201cCompany\u201d) may submit consents to the Consortium\u2019s proposed resolutions concerning its proposed acquisition of all outstanding ordinary shares of the Company not already owned by the Consortium at a price of $17.10 per share in cash. The Company\u2019s shareholders are now cordially asked to sign, date and return the WHITE consent card or otherwise submit their consents as soon as possible, but in any event <b>on or before August 20, 2021<\/b>.\n<\/p>\n<p>\nThe decision to extend the deadline for submitting consents is primarily prompted by inquiries from shareholders who wish to know the outcome of the ongoing litigation before the British Virgin Islands Court (the \u201cCourt\u201d) concerning the legality of the Company\u2019s amendments to its memorandum and articles of association, hastily passed by the Company\u2019s board of directors and without shareholders\u2019 approval, on January 7, 2021. As the Court has not handed down its judgment, the Consortium will extend the deadline for submission to <b>August 20, 2021<\/b>, which may be further extended if the Court judgment for this litigation is not available at that time.\n<\/p>\n<p>\nIn further response to shareholder inquiries, the Consortium states the following regarding the Company\u2019s July 15, 2021 press release:\n<\/p>\n<p class=\"bwmarginl1\"><i>\u201cThe Consortium is aware of the press release by the Company on July 15, 2021, with the misleading title \u201cHollySys Sets Record Straight on Consortium\u2019s Consent Solicitation\u201d (the \u201cJuly 15 Press Release\u201d). We do not agree with the July 15 Press Release. It should be noted that many of the issues raised in the July 15 Press Release are currently being scrutinised before the Court, and the Consortium believes that the July 15 Press Release is disrespectful to the Court whilst it deliberates on the proceedings, and irresponsible and misleading to the Company\u2019s shareholders. Accordingly, and to show the necessary respect to the Court as any sensible persons should, it is the Consortium\u2019s decision not to make any further comment on the July 15 Press Release until judgment is handed down by the Court. Once a judgment is handed down, the Consortium will make an announcement for the purpose of, among other things, responding to the July 15 Press Release.\u201d<\/i><\/p>\n<p>\nShareholders owning shares through a bank or broker (i.e., in \u201cstreet-name\u201d or as a \u201cbeneficial owner\u201d) who have not yet received the Consortium\u2019s consent materials should promptly contact their bank or broker and request instructions regarding the WHITE consent card. Shareholders with questions about how to submit consents and related matters should promptly contact Innisfree M&amp;A Incorporated, the firm assisting the Consortium with the consent solicitation, by email at <a rel=\"nofollow\" href=\"mailto:HOLIconsent@innisfreema.com\">HOLIconsent@innisfreema.com<\/a> or by phone at +1 (877) 750-9501 (toll-free from the U.S. and Canada), or at +1 (412) 232-3651 (from other locations), during the hours of 10:00 a.m.-7:00 p.m. Eastern Time, Monday-Friday, and 10:00 a.m.-2:00 p.m. Eastern Time on Saturdays.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210721006041r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210721006041\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210721006041\/en\/<\/a><\/span><\/p>\n<p>\nJinxiang Guo<br \/>\n<br \/>Executive Director<br \/>\n<br \/>CPE Funds Management Limited<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:guojinxiang@cpe-fund.com\">guojinxiang@cpe-fund.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> China Asia Pacific<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Buyer Consortium Extends Deadline for HollySys Shareholders to Submit Consents to August 20, 2021 BEIJING&#8211;(BUSINESS WIRE)&#8211; The buyer consortium (the \u201cConsortium\u201d) consisting of Mr. Shao Baiqing, Ace Lead Profits Limited and CPE Funds Management Limited today announces the extension of the deadline by which shareholders of Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (the \u201cCompany\u201d) may submit consents to the Consortium\u2019s proposed resolutions concerning its proposed acquisition of all outstanding ordinary shares of the Company not already owned by the Consortium at a price of $17.10 per share in cash. The Company\u2019s shareholders are now cordially asked to sign, date and return the WHITE consent card or otherwise submit their consents as soon as possible, but in any event on or &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/buyer-consortium-extends-deadline-for-hollysys-shareholders-to-submit-consents-to-august-20-2021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Buyer Consortium Extends Deadline for HollySys Shareholders to Submit Consents to August 20, 2021&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-516116","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Buyer Consortium Extends Deadline for HollySys Shareholders to Submit Consents to August 20, 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/buyer-consortium-extends-deadline-for-hollysys-shareholders-to-submit-consents-to-august-20-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buyer Consortium Extends Deadline for HollySys Shareholders to Submit Consents to August 20, 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Buyer Consortium Extends Deadline for HollySys Shareholders to Submit Consents to August 20, 2021 BEIJING&#8211;(BUSINESS WIRE)&#8211; The buyer consortium (the \u201cConsortium\u201d) consisting of Mr. Shao Baiqing, Ace Lead Profits Limited and CPE Funds Management Limited today announces the extension of the deadline by which shareholders of Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (the \u201cCompany\u201d) may submit consents to the Consortium\u2019s proposed resolutions concerning its proposed acquisition of all outstanding ordinary shares of the Company not already owned by the Consortium at a price of $17.10 per share in cash. The Company\u2019s shareholders are now cordially asked to sign, date and return the WHITE consent card or otherwise submit their consents as soon as possible, but in any event on or &hellip; Continue reading &quot;Buyer Consortium Extends Deadline for HollySys Shareholders to Submit Consents to August 20, 2021&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/buyer-consortium-extends-deadline-for-hollysys-shareholders-to-submit-consents-to-august-20-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-22T06:18:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210721006041r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/buyer-consortium-extends-deadline-for-hollysys-shareholders-to-submit-consents-to-august-20-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/buyer-consortium-extends-deadline-for-hollysys-shareholders-to-submit-consents-to-august-20-2021\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Buyer Consortium Extends Deadline for HollySys Shareholders to Submit Consents to August 20, 2021\",\"datePublished\":\"2021-07-22T06:18:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/buyer-consortium-extends-deadline-for-hollysys-shareholders-to-submit-consents-to-august-20-2021\\\/\"},\"wordCount\":560,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/buyer-consortium-extends-deadline-for-hollysys-shareholders-to-submit-consents-to-august-20-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210721006041r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/buyer-consortium-extends-deadline-for-hollysys-shareholders-to-submit-consents-to-august-20-2021\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/buyer-consortium-extends-deadline-for-hollysys-shareholders-to-submit-consents-to-august-20-2021\\\/\",\"name\":\"Buyer Consortium Extends Deadline for HollySys Shareholders to Submit Consents to August 20, 2021 - 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