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Willas-Array Electronics (Holdings) Limited — Regulatory Filings 2024
Sep 30, 2024
49513_rns_2024-09-30_8a6db6d0-9bc0-456a-be1b-69f031a52511.pdf
Regulatory Filings
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Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Singapore Exchange Securities Trading Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Singapore Exchange Securities Trading Limited assumes no responsibility for the correctness of any of the statements made, reports contained, or opinions expressed in this announcement.
WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED 威雅利電子(集團)有限公司
(Incorporated in Bermuda with limited liability) (Hong Kong stock code: 854) (Singapore stock code: BDR)
TRADING HALT
Reference is made to the announcement dated September 27, 2024 (the “ Results Announcement ”), the offer document dated August 1, 2024 and the response document dated August 30, 2024. Capitalised terms used herein shall have the same meanings as defined in the Results Announcement.
As disclosed in the Results Announcement, immediately following the close of the Offers, subject to the due registration by the Registrar HK and Registrar SG of the transfer of the Offer Shares in respect of which valid acceptances were received, an aggregate of 10,736,304 Shares, representing approximately 12.24% of the issued Shares (excluding treasury shares) of the Company are held by the public, as at the date of this announcement.
Pursuant to Note (1) to Rule 8.08(1)(b) of the Listing Rules, trading in the Shares will normally be required to be suspended if the percentage of public float falls below 15%.
As the percentage of the public float of the Shares has fallen below 15%, the Company has requested that trading in the Shares on the Stock Exchange be halted with effect from 9:00 a.m. on September 30, 2024 until the public float of the Company is restored.
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As further disclosed in the Results Announcement, the Company has applied for a temporary waiver from the Stock Exchange pursuant to Rule 8.08(1)(c) of the Listing Rules to restore the minimum public float requirement. Further announcement(s) will be made by the Company regarding restoration of the public float and resumption of trading in the Shares as soon as possible.
By Order of the Board Willas-Array Electronics (Holdings) Limited Fan Qinsheng Executive Director
Hong Kong/Singapore, September 30, 2024
As at the date of this announcement, the Board comprises two Non-executive Directors, namely Xie Lishu (Chairman) and Huang Shaoli; one Executive Director, Fan Qinsheng; and four Independent Non-executive Directors, namely Chong Eng Wee, Lau Chin Huat, Tso Sze Wai and Jiang Maolin.
In the case of inconsistency, the English text of this announcement shall prevail over the Chinese text.
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