Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the
Month of December, 2010
Commission
File Number: 001-33602
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HOLLYSYS
AUTOMATION TECHNOLOGIES, LTD.
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(Exact
name of registrant as specified in its charter)
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No.2
Disheng Middle Road
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Beijing
Economic-Technological Development Area
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Beijing,
People's Republic of China, 100176
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(Address
of principal executive offices)
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Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F. Form 20-F x Form 40-F
o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation ST Rule 101(b)(1): Not Applicable
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation ST Rule 101(b)(7): Not Applicable
Indicate
by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes o
No x
If “Yes”
marked, indicate below the file number assigned to the registrant in connection
with Rule 12g3-2(b): 82 - ______.
Hollysys
Automation Technologies Announces a US $33.63 Million Contract Win in High-Speed
Rail and the Filing of Annual Report on Form 20-F
On Dec
22, 2010, Hollysys Automation Technologies announced it has won a contract to
supply its ground-based high-speed rail signaling system to
Beijing-Shijiazhuang-Wuhan high-speed rail line valued at approximately US$
33.63 million or RMB 223.78 million.
In
addition, the Company filed its Annual Report on Form 20-F with the Securities
and Exchange Commission on December 22, 2010 for the fiscal year ended June 30,
2010 (the “Annual Report”), which can be accessed at both SEC website:
www.sec.gov and the Company website: www.hollysys.com. As disclosed in the
Annual Report, the Company re-organized its domestic corporate structure in
February 2010 to gain increased government grants and contract opportunities,
and enhance its corporate image. This re-organization resulted in a one-time
$4.45 million tax expense charge on its income statement for the fiscal year
ended June 30, 2010, pursuant to the newly issued tax notice (“Circular
2010-04”) issued by the State Administration of Taxation on July 26, 2010. The
fully disclosed composition of this tax expense and re-organization details can
be found under Item 5 – Operating and Financial Review and Prospects in the
Annual Report.
The
Company's press release regarding the foregoing matters is attached hereto as
Exhibit 99.1.
Exhibits
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Exhibit
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Description
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99.1
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Press Release, dated December 22, 2010.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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HOLLYSYS
AUTOMATION TECHNOLOGIES, LTD. |
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By:
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/s/
Changli Wang |
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Changli
Wang |
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Chairman
and Chief Executive Officer |
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Date:
December 22, 2010.
EXHIBIT
INDEX
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Exhibit
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Description
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99.1
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Press Release, dated December 22, 2010.
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