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The latest update is out from Willas-Array Electronics (Holdings) Limited ( (SG:BDR) ).
Willas-Array Electronics (Holdings) Limited has announced a subscription agreement for the issuance of 15,000,000 new shares at a price of HK$2.66 per share, aiming to raise approximately HK$39.9 million. The proceeds will be used primarily for repaying bank borrowings and replenishing working capital. This move is expected to restore the company’s public float to comply with Hong Kong Listing Rules, increasing public ownership to approximately 25.06% of the company’s enlarged share capital.
More about Willas-Array Electronics (Holdings) Limited
Willas-Array Electronics (Holdings) Limited is a company incorporated in Bermuda, focusing on the electronics industry. It is listed on both the Hong Kong and Singapore stock exchanges, with stock codes 854 and BDR, respectively.
For detailed information about BDR stock, go to TipRanks’ Stock Analysis page.