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Willas-Array Electronics Updates on Resumption Progress and Share Subscription

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Willas-Array Electronics Updates on Resumption Progress and Share Subscription

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Willas-Array Electronics (Holdings) Limited ( (SG:BDR) ) just unveiled an update.

Willas-Array Electronics (Holdings) Limited has announced a quarterly update regarding its resumption progress and continued suspension of trading. The company has entered into subscription agreements with six independent third parties to issue 15,000,000 new shares, which will increase the public shareholding to approximately 25.06% of the enlarged issued share capital. The completion of these subscriptions is pending approval from the Hong Kong Stock Exchange and the Singapore Exchange, expected by July 31, 2025. This move is part of the company’s efforts to restore its public float and resume trading.

More about Willas-Array Electronics (Holdings) Limited

Willas-Array Electronics (Holdings) Limited is a company incorporated in Bermuda, listed on both the Hong Kong Stock Exchange and the Singapore Exchange. It operates in the electronics industry, focusing on the distribution of electronic components and related products.

Average Trading Volume: 2,200

Technical Sentiment Signal: Sell

Current Market Cap: S$31.98M

See more insights into BDR stock on TipRanks’ Stock Analysis page.

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