Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Willas-Array Electronics (Holdings) Limited ( (SG:BDR) ) has provided an announcement.
Willas-Array Electronics (Holdings) Limited has completed the subscription of 15,000,000 new shares under a general mandate, raising approximately HK$39.5 million. The proceeds will be used primarily for repaying bank borrowings and replenishing working capital, which includes payments to suppliers and covering operational costs. This move enhances the company’s financial stability and restores its public float, with the shareholding structure now consisting of 25.06% public shareholders.
More about Willas-Array Electronics (Holdings) Limited
For detailed information about BDR stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money