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Willas-Array Electronics (Holdings) Limited ( (SG:BDR) ) has shared an announcement.
Willas-Array Electronics (Holdings) Limited has announced a plan to restore its public float by issuing up to 17,000,000 new shares, representing approximately 19.39% of its total issued share capital. The company is in discussions with potential investors, with the aim of executing subscription agreements by May 2025 and completing the process by mid-July 2025. This move is expected to bring the company into compliance with the minimum public float requirements of the Hong Kong Stock Exchange, potentially impacting its market positioning and investor relations.
More about Willas-Array Electronics (Holdings) Limited
Willas-Array Electronics (Holdings) Limited is a company incorporated in Bermuda, primarily operating in the electronics industry. The company is listed on both the Hong Kong Stock Exchange and the Singapore Exchange, focusing on the distribution of electronic components.
YTD Price Performance: -9.09%
Average Trading Volume: 9,380
Technical Sentiment Signal: Buy
Current Market Cap: S$35.05M
For a thorough assessment of BDR stock, go to TipRanks’ Stock Analysis page.