SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF
FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
the
month of January 2007
HIGHWAY HOLDINGS
LIMITED
(Translation
of Registrant's Name Into English)
Suite
810, Level 8
Landmark
North
39
Lung
Sum Avenue
Sheung
Shui
New Territories, Hong
Kong
(Address
of Principal Executive Offices)
(Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.)
Form
20-F
x Form
40-F
o
(Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
Yes
o
No x
(If
"Yes"
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-_______________.)
Attached
to this Report on Form 6-K is the press release issued by the registrant on
January 16, 2007.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
|
HIGHWAY
HOLDINGS LIMITED
|
|
|
Date:
January 31, 2006
|
By/s/
ROLAND W.
KOHL
|
|
Roland W. Kohl
|
|
|
Chief Executive Officer
|
|
NEWS
RELEASE
|
|
CONTACT:
|
Gary
S. Maier/Crystal Warner
|
|
Maier
& Company, Inc.
|
|
|
(310)
442-9852
|
HIGHWAY
HOLDINGS EXPANDS CUSTOMER BASE INTO U.S. MARKET
--New
OEM Business the Result of Strategic Focus to Gain Domestic Foothold
--
HONG
KONG —January 16, 2007—
Highway
Holdings Limited (Nasdaq:HIHO) today announced it has received two initial
OEM
orders from U.S.-based customers: The Coleman Company, Inc., located in Wichita,
Kansas, to produce radio units and Fluidmaster, Inc., based in San Juan
Capistrano, California, to produce tools for the manufacture of certain flushing
system components. Terms were not disclosed.
“This
initial business is the result of a strategic focus on establishing
a presence in the U.S. Market. We are gratified by the confidence of these
new
customers in our technical capabilities and look forward to developing a
long-term business relationship with them. In addition, we are optimistic about
additional domestic business opportunities that can be realized through an
ongoing marketing
focus to expand within the U.S. market,” said Roland Kohl, president and chief
executive officer.
As
previously announced, the company completed its acquisition of Golden Bright
Plastic Manufacturing late last year. At that time, Highway Holdings indicated
that it expected to retain Golden Bright’s current customer base and benefit
from potential opportunities to gain additional business by offering other
OEM
services. Kohl noted that the new business orders resulted from Golden Bright
and Highway Holdings’ separate sales initiatives in place prior to the
acquisition, with customers now benefiting from the enhanced manufacturing
capabilities from the newly combined operations.
About
Highway Holdings:
Highway
Holdings produces a wide variety of high-quality products for blue chip original
equipment manufacturers -- from simple parts and components to sub-assemblies
and complete products. It also manufactures finished products, such as LED
Lights, radio chimes and other electronic products. Highway Holdings is
headquartered in Hong Kong and operates four manufacturing facilities in the
People's Republic of China.
Except
for
the historical information contained herein, the matters discussed in this
press
release are forward-looking statements which involve risks and uncertainties,
including but not limited to economic, competitive, governmental, political
and
technological factors affecting the company's revenues, operations, markets,
products and prices, and other factors discussed in the company’s various
filings with the Securities and Exchange Commission, including without
limitation, the company’s annual reports on Form 20-F.
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