Hollysys (HOLI) Unit Signs $14M Supply Contract with Shaw Brothers Ltd.
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Hollysys Automation Technologies, Ltd. (Nasdaq: HOLI) reports its wholly owned subsidiary Concord Corporation Pte. Ltd. signed a retrofit contract with Shaw Brothers Limited to supply and provide installation of mechanical and electrical equipment, fire protection system, civil & structural works, relocation of the existing electrical equipment and replacement of cables and others for Shaw Centre in Singapore, valued at approximately USD $14.02 million. The project is expected to be completed by October of 2012.
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