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 March, 2013

 

Commission File Number: 001-33602

 

HOLLYSYS AUTOMATION TECHNOLOGIES, LTD.
(Exact name of registrant as specified in its charter)
 
 
No.2 Disheng Middle Road
Beijing Economic-Technological Development Area
Beijing, People's Republic of China, 100176
(Address of principal executive offices)

 

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  Q    Form 40-F £

 

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 £    No  Q

 

If “Yes” marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82 - ______.

 

 
 

 

Hollysys Automation Technologies Announces its Second Sizable Acquisition to Further Establish its Strong Foothold in the International Market

 

Beijing, China – March 7, 2013 – Hollysys Automation Technologies, Ltd. (NASDAQ: HOLI) (“Hollysys” or the “Company”), a leading provider of automation and control technologies and applications in China, announced today that it signed a stock purchase agreement (SPA) to acquire 100% ownership of Bond Corporation Pte. Ltd. and its group of companies (“Bond”). The total consideration for the acquisition is a combination of cash and stock, aggregating an equivalent of approximately US$ 73 million, including a two-year incentive program payable in ordinary shares and additional incentive shares if Bond meets certain performance targets.

 

The Company's press release regarding the foregoing matters is attached hereto as Exhibit 99.1.

 

Exhibits

 

Exhibit Description
   
99.1 Press Release, dated March 7, 2013.

 

 

 
 

 

 

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.

 

 

HOLLYSYS AUTOMATION TECHNOLOGIES, LTD.

 

By:/s/ Changli Wang                                     
Changli Wang
Chairman and Chief Executive Officer

 

Date: March 7, 2013.

 
 

 

 

EXHIBIT INDEX

Exhibit Description
   
99.1 Press Release, dated March 7, 2013.