Law Offices of Howard G. Smith announces an investigation on behalf of Hollysys Automation Technologies Ltd. (“Hollysys” or the “Company”) (NASDAQ: HOLI) investors concerning the Company’s possible violations of federal securities laws.
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.
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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20211104006321/en/
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
