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 December 2009
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
December 21, 2009.
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: December
21, 2009
|
By:
|
/s/ ROLAND W. KOHL | |
| Roland W. Kohl | |||
| Chief Executive Officer | |||
 |
NEWS RELEASE
|
|
CONTACT:
|
Gary
S. Maier
Maier
& Company, Inc.
(310)
442-9852
|
HIGHWAY
HOLDING ENGAGES NEW AUDITOR
HONG KONG – December 21, 2009 -- Highway
Holdings Limited (Nasdaq:HIHO) today announced it has engaged AGCA, Inc. as the
company’s auditing firm, succeeding Deloitte Touche Tohmatsu, Hong
Kong.
“The
selection of AGCA was based on an extensive search of accounting firms dedicated
to providing high-quality services at a cost-effective price. This
change complements our ongoing strategic focus on reducing expenses and
increasing efficiency throughout our organization,” said Roland Kohl, president
and chief executive officer of Highway Holdings.
AGCA, Inc. is based in Arcadia,
California with affiliated offices in Hong Kong and Beijing, China. It is a
member firm of Alliott Group – a worldwide alliance of independent accounting
firms.
This
decision was adopted by the audit committee and ratified by the board of
directors of the company. Prior to the engagement of AGCA, Inc., the
company did not consult with AGCA, Inc. regarding the application of accounting
principles to a specific, completed or contemplated transaction, or the type of
audit opinion that might be rendered on the company’s financial
statements.
During
the company’s two most recent fiscal years and through March 31, 2009, the
company had no disagreements with Deloitte Touche Tohmatsu, whether or not
resolved, on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which, if not resolved to
the satisfaction of Deloitte Touche Tohmatsu, would have caused it to make
reference to the subject matter of the disagreement in connection with its
report. No report of Deloitte Touche Tohmatsu on the financial
statements of the company for either of the past two years contained an adverse
opinion or disclaimer of opinion or was modified as to audit scope or accounting
principles.
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.
It also manufactures finished products, such as light fixtures, LED lights,
radio chimes and other electronic products. Highway Holdings operates three
manufacturing facilities in the People's Republic of China.
(more)
Highway
Holdings Ltd.
2-2-2
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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