FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of December 2003
Commission File Number 000-30678
GLOBAL SOURCES LTD.
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(Translation of Registrant's Name into English)
Canon's Court
22 Victoria Street
Hamilton, HM 12, Bermuda
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(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover 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, the registrant 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-
TABLE OF CONTENTS
Signatures
Exhibit 1 Press Release dated November 27, 2003
Other Events.
On November 27, 2003, Global Sources Ltd. issued a press release, a copy of
which is attached as Exhibit 99.1 to this Form 6-K and hereby incorporated by
reference herein.
Financial Statements and Exhibits.
Exhibit 99.1 Press Release dated November 27, 2003.
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/ Eddie Heng Teng Hua
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Name: Eddie Heng Teng Hua
Title: Director and Chief
Financial Officer
Date: December 3, 2003
Exhibit 99.1
Press Release
FOR IMMEDIATE RELEASE
Global Sources Investor contact:
David K. Waldman/ John Heilshorn
Lippert/Heilshorn & Associates, Inc.
Tel: 1 212 838 3777
Fax: 1 212 838 4568
e-mail: dwaldman@lhai.com
Global Sources contact in Asia: Global Sources contact in U.S.:
Camellia So James W.W. Strachan
Tel: 852 2555 5044 Tel: 1 602 978 7504
Fax: 852 2518 8764 Fax: 1 602 978 7512
e-mail: cso@globalsources.com e-mail: strachan@globalsources.com
NEW YORK, Nov. 27, 2003-- Global Sources Ltd. (Nasdaq NM: GSOL) announced today
that Merle A. Hinrichs, the chairman and chief executive officer of Global
Sources acquired 13,667,132 Common Shares of Global Sources Ltd., representing
51.9 percent of the outstanding Common Shares, from Hung Lay Si Co. Ltd. After
giving effect to this purchase, Mr. Hinrichs owns approximately 67.2 percent of
the outstanding Common Shares. As consideration for the purchase of the Common
Shares, Mr. Hinrichs has agreed to pay to Hung Lay Si Co. Ltd. $109,337,056,
payable on November 27, 2013. Mr. Hinrichs also has the right to prepay such
amount at any time. Pending payment of such amount, Hung Lay Si Co. Ltd. will
have a security interest in Common Shares by Mr. Hinrichs.
About Global Sources
Global Sources creates and facilitates global trade between buyers and
suppliers, by providing the right information, at the right time, in the right
format. Our integrated sourcing and marketing solutions enable importers to buy,
and exporters to sell, more effectively and profitably.
We aggregate and format industry-specific supplier and product information, and
deliver this content to our buyer community worldwide through our leading
network of 12 vertical marketplaces and 13 geographic portals, and through
magazines, CD-ROMs, and private catalogs, as well as China Sourcing Fairs and
technical events. Our flagship marketplace, Global Sources Online
(www.globalsources.com), hosts more marketing and sourcing activity than any
other global merchandise trade marketplace.
We serve a growing, independently certified community of over 398,000 active
buyers in over 230 countries and territories. These buyers generate more than
3.6 million inquiries annually for nearly 140,000 suppliers through Global
Sources Online alone. We offer extensive supplier enablement capabilities in
Greater China and other leading supply markets through 63 content management
offices and 700 sales representatives, who make approximately 40,000 supplier
visits monthly. In mainland China, we have 22 years on-the-ground presence,
supported by 900 team members in 43 locations throughout the country.
Global Sources' solutions are based on 33 years as a trade magazine publisher
serving the global trade community, 13 years as a trade management software
developer, 12 years as manager of trade shows in Asia, and 8 years as an online
marketplace operator.
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