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Enter Symbol:
Rating: HOLI
Mkt Perform

Rodman & Renshaw rated Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) to Mkt Perform

Monday,  Jan 10, 2011  9:25 AM ET by Dave Ficere

Rodman & Renshaw rated
Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) to Mkt Perform.

Hollysys Automation Technologies Ltd. (Hollysys), formerly HLS Systems International Ltd., is a provider of automation and control technologies and applications in China. The Company?s technologies are used in products, such as distributed control systems (DCS) and programmable logic controllers (PLC), railway train control centers (TCC) and automatic train protection (ATP), and safety control product for nuclear power plants. Hollysys provides domestic automation control systems to the nuclear industry in China. Its products include DCS Products, TCC and ATP Products, Nuclear Products, Subway Products, and Management and Control Integrated Solutions. In July 2008, the Company acquired 6% interest in Zhejiang Sanxing Engineering Co., Ltd. In October 2008, the Company acquired 10% in Zhejiang Sanxing Technology Co., Ltd.

Rodman & Renshaw is a full-service investment bank dedicated to providing investment banking services to companies that have significant recurring capital needs due to their growth and development strategies. We also provide research and sales and trading services to institutional investor clients that focus on such companies. Since 2003, Rodman has been a leading investment banking firm to the biotechnology sector, a capital intensive market segment, as well as a leader in the PIPE (private investment in public equity) and RD (registered direct placements) transaction markets.

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