Hollysys Automation wins $4M China rail contract
NEW YORK (AP) — Hollysys Automation Technologies Ltd. said Thursday it has won a $4 million contract to provide train control centers for a high-speed rail line in Dujiangyan City, China.
The company said the contract was awarded by China Railway Electrification Bureau Co., a subsidiary of state-owned China Railway Engineering Corp.
Shares of Hollysys, which is based in Beijing, climbed 36 cents, or 3.2 percent, to $11.77 in afternoon trading.
