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 month of July 2015
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 7, 2015, Global Sources Ltd. (“Global Sources”) issued a press release announcing it has, through its Shenzhen, China subsidiary, entered into a Letter of Intent for the sale of its investment property on the 50th floor of the Shenzhen International Chamber of Commerce Tower in Shenzhen, China. 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.
|
GLOBAL SOURCES LTD.
(Registrant)
By: /s/ Connie Lai
Name: Connie Lai
Title: Chief Financial Officer
|
Exhibit 99.1
FOR IMMEDIATE RELEASE
|
Press Contact in Asia
|
Investor Contact in Asia
|
|
Camellia So
|
Connie Lai
|
|
Tel: (852) 2555-5021
|
Tel: (852) 2555-4864
|
|
e-mail: cso@globalsources.com
|
e-mail: investor@globalsources.com
|
| |
|
|
Press Contact in U.S.
|
Investor Contact in U.S.
|
|
Brendon Ouimette
|
Cathy Mattison
|
|
Tel: (1-480) 664-8309
|
LHA
|
|
e-mail: bouimette@globalsources.com
|
Tel: (1-415) 433-3777
|
| |
e-mail: cmattison@lhai.com
|
Global Sources to sell Shenzhen investment property for approximately
US$21.7 million
NEW YORK, July 7, 2015 –Global Sources Ltd. (NASDAQ: GSOL), through its Shenzhen, China subsidiary, has entered into a Letter of Intent (LOI) for the sale of its investment property on the 50th floor of the Shenzhen International Chamber of Commerce Tower in Shenzhen, China. The total price is approximately US$21.7 million.
Global Sources’ executive chairman, Merle A. Hinrich, said: “The sale of this property rebalances our property portfolio, as it reduces our investment holding position in China. We also expect a reasonable capital gain from this property, as the market price has appreciated substantially since we purchased this property in September of 2008.”
Pursuant to the LOI, which was signed on July 6, 2015, a deposit of approximately US$3.2 million, has been received by Global Sources from the buyer.
The completion of the property sale transaction is conditional upon, and subject to, the further signing of a formal sale and purchase agreement by the parties on or before Sept. 1, 2015, and the buyer’s full payment of the sale price on or before Nov. 10, 2015.
Page 1 of 2
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.
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.
Page 2 of 2
Global Sources Ltd. (NASDAQ:GSOL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Global Sources Ltd. (NASDAQ:GSOL)
Historical Stock Chart
From Apr 2023 to Apr 2024
