Mourant

Shareholders Led by Yi Zhang Announce Successful Results of Removal of Directors and Election of New Directors of YS Biopharma Co., Ltd.

Retrieved on: 
Friday, February 16, 2024

Yi Zhang thanks his fellow shareholders for their support in achieving this positive outcome today.

Key Points: 
  • Yi Zhang thanks his fellow shareholders for their support in achieving this positive outcome today.
  • The actions taken reflect an overwhelming shareholder repudiation of the prior board of directors  of the Company (the "Board") and the total disregard for shareholder perspectives shown by the prior Board and management team.
  • Given the result of the vote, Yi Zhang is confident that YS will now be able to focus its full efforts on executing its business strategy and preserving and growing long-term value for all shareholders.
  • These statements involve risks, uncertainties and other factors that may cause actual results, events or achievements to differ materially from the information expressed or implied by these statements.

Hollysys to be Acquired by Ascendent Capital Partners for US$26.50 in Cash Per Share

Retrieved on: 
Monday, December 11, 2023

BEIJING, Dec. 11, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that it has reached an agreement to be acquired by Ascendent Capital Partners ("Ascendent"), an international private investment firm headquartered in Hong Kong.

Key Points: 
  • BEIJING, Dec. 11, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that it has reached an agreement to be acquired by Ascendent Capital Partners ("Ascendent"), an international private investment firm headquartered in Hong Kong.
  • According to the terms of the agreement, Ascendent will acquire all outstanding shares of Hollysys that it does not currently own for US$26.50 per share in cash.
  • Today's agreement enables Hollysys' shareholders to realize substantial cash value at a significant premium to the Company's recent trading price.
  • Deutsche Bank AG, Davis Polk & Wardwell, Mourant Ozannes (Hong Kong) LLP, and Haiwen & Partners are serving as advisors to Hollysys.

Hollysys Receives Notices of Intention to Request Special Meeting of Shareholders and Additionally an Unsolicited Offer to Acquire the Company

Retrieved on: 
Tuesday, September 5, 2023

With a Demand Record Date now set for September 6, 2023, the Board, on or after September 6, 2023 will review any written requests to convene a special meeting.

Key Points: 
  • With a Demand Record Date now set for September 6, 2023, the Board, on or after September 6, 2023 will review any written requests to convene a special meeting.
  • On determining that any such written requests are valid, the Board shall give notice to convene a special meeting of the shareholders in accordance with the Articles.
  • In addition, on August 24, 2023, the Company received a letter (the "Proposal") from Recco Control Technology and Dazheng Group (Hong Kong) Investment Holdings Company, setting out their previous unsolicited, non-binding offer to acquire all issued and outstanding shares of the Company at $25.00 per share in cash.
  • The Board and the management of the Company are committed to maximizing shareholder value, are currently evaluating options that would advance this goal and will update shareholders further as soon as appropriate.

Semantix Successfully Completes Business Combination with Alpha Capital

Retrieved on: 
Wednesday, August 3, 2022

Semantix , Inc. (Semantix), Latin Americas first fully integrated data platform, today completed its previously announced business combination (the Business Combination) with Alpha Capital ( NASDAQ: ASPC ), a special purpose acquisition company (SPAC) focused on technology in Latin America.

Key Points: 
  • Semantix , Inc. (Semantix), Latin Americas first fully integrated data platform, today completed its previously announced business combination (the Business Combination) with Alpha Capital ( NASDAQ: ASPC ), a special purpose acquisition company (SPAC) focused on technology in Latin America.
  • There may be additional risks that neither Alpha Capital nor Semantix presently know or that Alpha Capital nor Semantix currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.
  • Alpha Capital and Semantix anticipate that subsequent events and developments will cause Alpha Capitals or Semantixs assessments to change.
  • However, while Alpha Capital and Semantix may elect to update these forward-looking statements at some point in the future, Alpha Capital and Semantix specifically disclaim any obligation to do so.

Glory Star Enters into a Definitive Agreement for Going-Private Transaction

Retrieved on: 
Monday, July 11, 2022

As of the date of the Merger Agreement, the Buyer Group beneficially owns, in the aggregate, approximately 72.8% of the outstanding Shares of the Company.

Key Points: 
  • As of the date of the Merger Agreement, the Buyer Group beneficially owns, in the aggregate, approximately 72.8% of the outstanding Shares of the Company.
  • Since its establishment in 2016, Glory Star has been laser focused on developing an ecosystem for its users that incorporates quality content, e-commerce, social networking, and gaming.
  • Glory Star also provides a suite of tools for its users to facilitate the development of new content by creators.
  • Statements that are not historical facts, including statements about Glory Star's beliefs and expectations, are forward-looking statements.

Prenetics Rings the Opening Bell and Debuts on Nasdaq

Retrieved on: 
Wednesday, May 18, 2022

The combined company started trading on Nasdaq on May 18, 2022 under the new ticker symbols "PRE" for Prenetics class A ordinary shares and PRENW for Prenetics warrants.

Key Points: 
  • The combined company started trading on Nasdaq on May 18, 2022 under the new ticker symbols "PRE" for Prenetics class A ordinary shares and PRENW for Prenetics warrants.
  • Adrian Cheng, Founder of Artisan, will remain a strategic shareholder and Ben Cheng, CEO of Artisan, is now a board member of Prenetics.
  • The transaction values Prenetics at an enterprise value of US$1.25 billion, making the Company the first Hong Kong unicorn to list on the Nasdaq.
  • Danny Yeung, Chief Executive Officer and Co-Founder of Prenetics, said, Today marks an incredible milestone for Prenetics and it would not have been possible without our amazing team.

Theorem Fund Services selects Mourant to provide Cayman Services

Retrieved on: 
Tuesday, January 11, 2022

CHICAGO, Jan. 11, 2022 /PRNewswire/ -- Theorem Fund Services, LLC, a leading independent third-party fund administration firm, announces it has selected Mourant, and its affiliate, Mourant Governance Services to serve as their preferred provider of Cayman Islands legal, compliance and regulatory services.

Key Points: 
  • CHICAGO, Jan. 11, 2022 /PRNewswire/ -- Theorem Fund Services, LLC, a leading independent third-party fund administration firm, announces it has selected Mourant, and its affiliate, Mourant Governance Services to serve as their preferred provider of Cayman Islands legal, compliance and regulatory services.
  • We look forward to working with Theorem to provide bespoke solutions and seamless legal, corporate and fiduciary services."
  • said Sandra Edun-Watler, who heads Mourant Governance Services' Cayman Islands Compliance and Reporting Services division and is also the President of the Cayman Islands Compliance Association.
  • Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector.