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- Chit Nim (Colin) Sung resigned as the CEO and director of Hollysys Automation Technologies Ltd (NASDAQ:HOLI) effective January 1 pursuant to the board resolutions.
- Hollysys founder Dr. Changli Wang was appointed as the CEO and nominated director. Chit Nim (Colin) Sung was appointed as the deputy CEO.
- Dr. Changli Wang commented, "It is my honour and obligation to be back to Hollysys. We have just experienced some challenges in the past two years. However, thanks to the accountable and responsible board, the company has been healthily operational."
- Hollysys is a leading provider of automation and control technologies and applications in China.
- Price Action: HOLI shares traded higher by 5.47% at $14.85 in the market session on the last check Monday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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