LOS ANGELES--(BUSINESS WIRE)--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.
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