UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the year ended December 31, 2014
Commission File Number 000-30678
GLOBAL SOURCES LTD.
(Translation of Registrant's Name into English)
Canon’s Court
22 Victoria Street
Hamilton, HM 12, Bermuda
(Address of Principal Executive Office)
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 if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
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- ________
On July 1, 2015, Global Sources Ltd. (“Global Sources”) issued a press release announcing the sale of its 60.1% interest in its eMedia Asia Limited subsidiary to UBM plc, the 39.9% shareholder. A copy of the press release is filed as Exhibit 99.1 hereto and is incorporated herein by reference. The press release is also incorporated by reference into the Offer to Purchase, dated June 26, 2015, attached as Exhibit (a)(1)(A) to Global Sources’ Schedule TO-I filed with the Securities and Exchange Commission on June 26, 2015.
The press release is not deemed incorporated by reference in any other filing under the Securities Act of 1933, as amended, but is instead furnished thereunder.
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.
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GLOBAL SOURCES LTD.
(Registrant)
By: /s/ Connie Lai
Name: Connie Lai
Title: Chief Financial Officer
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Date: July 1, 2015
Exhibit 99.1
FOR IMMEDIATE RELEASE
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Press Contact in Asia
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Investor Contact in Asia
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Camellia So
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Connie Lai
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Tel: (852) 2555-5021
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Tel: (852) 2555-4747
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e-mail: cso@globalsources.com
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e-mail: investor@globalsources.com
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Press Contact in U.S.
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Investor Contact in U.S.
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Brendon Ouimette
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Cathy Mattison
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Tel: (1-480) 664-8309
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LHA
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e-mail: bouimette@globalsources.com
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Tel: (1-415) 433-3777
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e-mail: cmattison@lhai.com
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Global Sources sells eMedia subsidiary
HONG KONG, July 1, 2015 – Global Sources Ltd. (NASDAQ: GSOL) has sold its 60.1 percent interest in its eMedia Asia Limited subsidiary to UBM plc, the 39.9 percent shareholder, for approximately US$9.0 million in cash subject to adjustments for cash and working capital.
eMedia’s business includes the China International Optoelectronic Expo (CIOE) and print and online publications serving Asia’s electronics community, namely various Asian editions of
EE Times, Electronics Supply & Manufacturing and EDN.
Global Sources’ executive chairman, Merle A. Hinrich, said: “The sale of eMedia is consistent with our strategy to focus on our strong core business of cross border B2B trade and address the markets we believe offer the greatest opportunity for growth. By divesting this subsidiary, we are redirecting resources to enhance our multi-channel platform and improve the services we provide to both our buyer and supplier communities.”
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China.
The core business facilitates trade between Asia and the world using English-language media such as online marketplaces (GlobalSources.com), print and digital magazines, sourcing research reports, private sourcing events, and trade shows.
More than 1 million international buyers, including 95 of the world’s top 100 retailers, use these services to obtain product and company information to help them source more profitably from overseas supply markets. These services also provide suppliers with integrated marketing solutions to build corporate image, generate sales leads and win orders from buyers in more than 240 countries and territories.
Now in its fifth decade, Global Sources has been publicly listed on the NASDAQ since 2000.
About eMedia Asia Limited
eMedia Asia provides 500,000-plus technology decision-makers throughout Asia and China with access to a multichannel media network. Through its technical events, publications and online network, eMedia Asia leads in providing the region’s electronics community with the business and technical information they need to remain competitive.
About UBM plc
UBM plc is a leading global events-led marketing services and communications company. We help businesses do business, bringing the world’s buyers and sellers together at events, online and in print. Our 5,000 staff in more than 20 countries are organised into specialist teams which serve commercial and professional communities, helping them to do business and their markets to work effectively and efficiently. Running over 300 events per year UBM is the second largest exhibitions organiser globally and the biggest commercial organiser in the US, mainland China, India and Malaysia.
For more information, go to http://www.ubm.com; follow us on Twitter at @UBM_plc to get the latest UBM corporate news; follow@UBM for news and updates from across the businesses and selected members of UBM's Twitterati. http://media.ubm.com/social.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of Section 27-A of the Securities Act of 1933, as amended and Section 21-E of the Securities Exchange Act of 1934, as amended. The company’s actual results could differ materially from those set forth in the forward-looking statements as a result of the risks associated with the company’s business, changes in general economic conditions, and changes in the assumptions used in making such forward-looking statements.
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