Hollysys Automation Technologies Announce Annual Cash Dividend

Hollysys Automation Applied Sciences Ltd. (NASDAQ: HOLI) (“HOLISIS” or “Firm”), a number one supplier of automation and management applied sciences and objectives in China, currently presents that the firm’s board of administrators has announced the financial 12 months 2020. For an annual money dividend of $0.2 per odd share, that means a 15% payout ratio. Dividend may be paid on or around November 20, 2020 to shareholders of the enterprise reporting closure on October 22, 2020.

About Hollysys Automation Applied Sciences Ltd. (NASDAQ:HOLI)

Hollysys is a number one automation management system options supplier in China, with overseas operations in eight different countries and regions throughout Asia. Leveraging its proprietary expertise and deep business knowledge, Hollysys empowers its prospects with the enhanced operational safety, reliability, effectiveness and intelligence that are critical to their companies.

Hollysys derives its revenue primarily from offering built-in options for industrial automation and rail transportation. In industrial automation, Hollysys delivers a total spectrum of automation {hardware}, software programs, and disciplines to companies spanning gadgets, management programs, enterprise manufacturing administration, and cloud-based purposes.

In rail transportation, Hollysys provides improved signaling management and SCADA (supervisory management and information acquisition) programs for high-speed rail and concrete rail (with subways). Based in 1993, with technical experience and innovation, Hollysys has grown from an analysis staff specializing in automation management within the energy business to a conglomerate offering built-in automation management system options to buyers in various business verticals.

Hollysys has executed a total of more than 25,000 operations for approximately 15,000 possibilities in a range of sectors including energy, petrochemical, high-speed rail and concrete rail, through which Hollysys has established dominant market positions.

Safe Harbor Description:

This launch contains forward-looking statements within all meanings of the Non-Public Securities Litigation Reform Act of 1995. All statements included herein are “forward-looking statements” except statements of historical truth, as well as statements relating to: the flexibility of the firm to achieve its industrial goals; enterprise technology, plans and goals of the firm and its subsidiaries; and some other statements of non-historical data.

These forward-looking statements are sometimes referred to through forward-looking terminology such as “belief,” “expect” or related expressions, which contain identified and unknown risks and uncertainties. Such forward-looking statements, which are based mostly on the current beliefs and expectations of Hollysys’ administration, are subject to risks and uncertainties, which could trigger accurate results to differ materially from those of the forward-looking statements.

Although the firm believes that the expectations reflected in these forward-looking statements are reasonable, they contain assumptions, risks and uncertainties, and these expectations may prove to be false. Traders should not place undue reliance on these forward-looking statements, which are fully communicated as of the date of this press launch.

The firm’s exact results could differ materially from those anticipated in these forward-looking statements due to a number of factors, including those outlined in the firm’s reviews that may be filed with the Securities and Trading Fees and its website (http://www.securities.gov.in/). ) may be available. ://www.sec.gov). All forward-looking statements attributable to the firm or persons performing on its behalf are expressly certified by these constituents as to their completeness. Except as required under securities legal guidelines, the firm is not obligated to change these forward-looking statements.

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