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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

The Law Offices of Frank R. Cruz Announces Investigation of Hollysys Automation Technologies Ltd. (HOLI) on Behalf of Investors

November 4, 2021 GMT

LOS ANGELES--(BUSINESS WIRE)--Nov 4, 2021--

The Law Offices of Frank R. Cruz announces an investigation of Hollysys Automation Technologies Ltd. (“Hollysys” or the “Company”) (NASDAQ: HOLI ) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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On November 2, 2021, after the market closed, Hollysys filed a notification with the SEC stating that it could not timely file its annual report for the period ended June 30, 2021 because of a “delay in collecting supporting documents and information.” The Company also stated that it had replaced Ernst & Young Hua Ming LLP as its independent auditor.

On this news, the Company’s share price fell $5.69, or 29%, to close at $13.70 per share on November 3, 2021, thereby injuring investors.

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If you purchased Hollysys securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20211104006369/en/

CONTACT: The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz, 310-914-5007

fcruz@frankcruzlaw.com

www.frankcruzlaw.com 

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: The Law Offices of Frank R. Cruz

Copyright Business Wire 2021.

PUB: 11/04/2021 07:00 PM/DISC: 11/04/2021 07:02 PM

http://www.businesswire.com/news/home/20211104006369/en