Hollysys Automation wins $4M China rail contract

AP News
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Posted: Nov 19, 2009 1:25 PM

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.