GSOL Global Sources Ltd.

 

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 January 2016

 

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 ¨

 

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 ¨ No x

 

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________

 

 

Exhibit 1 Press Release dated January 7, 2016 

 

 

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

 

Date: January 7, 2016

 

 

 

EXHIBIT 1

 

 

FOR IMMEDIATE RELEASE

 

Press Contact	Investor Contact in Asia
Camellia So	Connie Lai
Tel: (852) 2555-5021	Tel: (852) 2555-4747
e-mail: GSpress@globalsources.com	e-mail: investor@globalsources.com
	Investor Contact in U.S.
	Cathy Mattison
	LHA
	Tel: (1-415) 433-3777
	e-mail: cmattison@lhai.com

 

Global Sources to initiate semi-annual financial reporting schedule

 

New reporting schedule more accurately reflects the increasing revenue contribution and seasonality of the company’s exhibitions business

 

NEW YORK, Jan. 7, 2016 – Global Sources Ltd. (NASDAQ: GSOL) intends to change the frequency of its interim financial reporting from quarterly to semi-annually effective beginning in 2016.

 

Global Sources’ executive chairman, Merle A. Hinrich, said, “Global Sources’ Board of Directors decided to initiate a semi-annual reporting schedule to reflect the cyclical nature of our exhibitions business as our Hong Kong trade shows held in April and October have become an increasingly strong revenue contributor to our business.”

 

Global Sources is scheduled to publish the following financial reviews and reports.

·

Fourth quarter and full year 2015 financial results press release and conference call on March 17, 2016 and the financial statements for the full year 2015 are scheduled to be filed in April 2016.

·

The annual report and the Annual Letter to Shareholders in May 2016.

·

The six-month period Jan. 1, 2016 through June 30, 2016 financial results press release and conference call on Sept. 13, 2016.

·

The company intends to continue using all the same revenue reporting categories:

-

Online and other media services

-

Exhibitions

-

Miscellaneous

·

The company plans to continue providing half year guidance for revenue and IFRS and non-IFRS net income per share.

 

 

“I am confident our strategy to offer buyers and suppliers an integrated offering of online and trade shows should enable the company to be positioned for long-term growth. We look forward to maintaining consistent and transparent communications with the investment community,” concluded Hinrich.

 

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), magazines, apps, 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.