Hollysys Automation Technologies Ltd.
Company Name | Hollysys Automation Technologies Ltd. |
Stock Symbol | HOLI |
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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