Hollysys

completed

Founded in 1993 and headquartered in Beijing, Hollysys Automation Technologies Ltd. (“Hollysys” or the “Company”), (http://www.hollysys.com | NASDAQ: HOLI) is a leading provider of automation, control technologies and related applications for a variety of sectors such as process industries, utilities, high-speed railway, subway, etc. Hollysys has a presence in over 60 cities in China, with subsidiaries and offices in Singapore, Malaysia, and Dubai.Hollysys offering comprises of proprietary technologies and products covering design, manufacture and installation. The company’s core business covers three main areas: Industrial Automation: With its solution suite including Distributed Control System (DCS), Programmable Logic Controller (PLC) etc. for various industry sectors; and nuclear power automation solutions (engineering design, procurement, integration, installation, support, and specialized services for the safe, reliable, and economical operation of the nuclear power plant); Rail Transportation: Comprising High-speed rail signaling system: Train Control Center (TCC) and Automatic Train Protection (ATP); and subway supervisory and control platform; and Mechanical & Electrical Solutions: Design, electrification and engineering services. The company has two manufacturing plants, one in Beijing (for rail products and circuit boards) and another in Hangzhou (for DCS product assembly, established in 2003). At these facilities, the company designs and manufactures the hardware for its products, and in rare cases some production is outsourced depending on special circumstances and delivery requirements. IFC is considering a corporate loan of $20 million to the Company to strengthen its capital structure (“Project”).