Hollysys quits follow-on plans
Chinese company Hollysys Automation Technologies withdrew its planned follow-on share offering on Wednesday.
The Nasdaq-listed company blamed market conditions for the decision to pull the sale of 7.8m ordinary shares.
Citi was the sole bookrunner on the deal and the proceeds were earmarked for general corporate purpose, as reported previously by GlobalCapital Asia.Hollysys stock closed at $20.43 on ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com