NEW YORK, Dec. 17, 2021 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Hollysys Automation Technologies Ltd (“Hollysys” or the “Company”) (NASDAQ: HOLI) on behalf of Hollysys stockholders. Our investigation concerns whether Hollysys has violated the federal securities laws and/or engaged in other unlawful business practices.
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On November 2, 2021, Hollysys filed a notice with the U.S. Securities and Exchange Commission stating that the Company could not timely file its annual report for the period ended June 30, 2021 because of a “delay in collecting supporting documents and information.” Hollysys also disclosed that it had replaced Ernst & Young Hua Ming LLP as its independent auditor.
On this news, Hollysys’s stock price fell $5.69 per share, or 29%, to close at $13.70 per share on November 3, 2021.
If you purchased or otherwise acquired Hollysys shares and suffered a loss, are a long-term stockholder, have information, 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 Brandon Walker or Alexandra Raymond by email at email@example.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
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