Nasdaq-listed Chinese firm Hollysys to consider $1.55b takeover bid

Nasdaq-listed Chinese firm Hollysys to consider $1.55b takeover bid

FILE PHOTO: The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. REUTERS/Jeenah Moon

China’s Hollysys Automation Technologies, which makes automation and control systems, said on Monday it had set up a committee to consider a $1.55 billion takeover offer from a consortium led by Recco Control Technology and Dazheng Group Investment Holdings and look at other offers.

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