Summary by Moomoo AI
Norges Bank, the central bank of Norway, has filed a Schedule 13G with the United States Securities and Exchange Commission on January 12, 2024, indicating a significant ownership stake in Hollysys Automation Technologies Ltd. As of December 31, 2023, Norges Bank owns 4,645,622 shares of Hollysys' common stock, representing 7.49% of the company's class of securities. The filing was made under Rule 13d-1(b), which is typically used by passive investors who have no intention of influencing the control of the company. The shares are reported to be invested on behalf of the Government of Norway. The filing ensures that Norges Bank's investment management division is in compliance with a regulatory scheme comparable to that of the United States.