Hollysys CEO Changli Wang Says Recent Sale Of Shares Was Made Solely For His Own Personal Financial Planning Needs, Following The Sale, He Holds ~80% Of His Pre-Sale Holdings
Portfolio Pulse from Benzinga Newsdesk
Hollysys CEO Changli Wang sold shares for personal financial planning, retaining 80% of his pre-sale holdings. The sale does not impact the company's going private transaction with Ascendent Capital Partners.
May 22, 2024 | 1:05 pm
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Hollysys CEO Changli Wang sold shares for personal financial planning, retaining 80% of his pre-sale holdings. The sale does not impact the company's going private transaction with Ascendent Capital Partners.
The CEO's sale of shares is for personal financial planning and does not affect the company's operational plans or the ongoing going private transaction. This should have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100