Loyal Valley Capital and Zhejiang Longsheng Group Co.,Ltd (SHSE:600352) made a non-binding offer to acquire Hollysys Automation Technologies Ltd. (NasdaqGS:HOLI) for $1.5 billion on September 10, 2021. Loyal Valley Capital and Zhejiang Longsheng Group Co.,Ltd made an offer to acquire all of the outstanding ordinary shares of Hollysys Automation for $24 per share in cash. The Board of Hollysys Automation is in the process of evaluating a non-binding offer.