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Hollysys Automation Technologies Announces Concord Signed a Significant Contract for Macau LRT Phase 1 Project

Hollysys Automation Technologies, Ltd. (HOLI) 
Last hollysys automation technologies, ltd. earnings: 2/19 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: hollysys.investorroom.com
Company Research Source: PR Newswire
BEIJING, Dec. 2, 2016 /PRNewswire/ -- 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 the wholly owned subsidiary Concord Corporation Pte. Ltd. ("Concord") signed a significant contract with Mitsubishi Heavy Industries Ltd. ("MHI") to supply, installation of HVAC and Electrical installation services for Rolling Stock & System of Macau LRT phase 1 project. The contract is approximately valued at MOP 137 million, or USD $17.17million. The project is planned to be finished in May 2018.Hollysys' management commented: "We are glad Concord has successfully embarked on the Macau LRT phase 1 project. This is a significant milestone for the company to penetrate into Macau market particularly on transportation segment. Hollysys will continue to accumulate brand name throughout enormous realms, expand more markets and create value for shareholders"About Ho Show less Read more
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