Friday, April 4th, 2025

Willas-Array Electronics (Holdings) Limited Responds to Shareholder Questions Ahead of Special General Meeting

Willas-Array Electronics Faces Auditor Change and Potential Suspension Risks

Willas-Array Electronics (Holdings) Limited, a Hong Kong-listed and Singapore-traded electronics company, has announced several key developments that could impact its share price.
Proposed Change of Auditors The company plans to change its auditor from Deloitte Singapore to EY Singapore, which is expected to result in a decrease in audit fees by not less than 20%. This change could potentially lead to cost savings for the company.
Hong Kong Trading Suspension The company’s shares have been suspended from trading on the Hong Kong Stock Exchange since September 30, 2024, due to the public float falling below the required 15% threshold. This suspension could raise concerns among investors and impact the stock’s liquidity.
Singapore Public Float Compliance Despite the Hong Kong suspension, the company’s shares continue to trade on the Singapore Exchange, as the public float in Singapore remains at 12.24%, which is above the 10% requirement. However, there is a risk of a similar suspension occurring on the SGX-ST if the public float falls further.
Shareholder Request for Printed Circular The company has made arrangements for Singapore shareholders to request printed copies of the circular for the upcoming special general meeting, addressing a previous concern raised by shareholders.
Overall, the key points highlighted in this report include the proposed change of auditors, the trading suspension in Hong Kong, the current public float compliance in Singapore, and the company’s efforts to address shareholder requests. These developments could have a significant impact on the company’s financial performance and investor sentiment, potentially affecting the share price.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with a financial advisor before making any investment decisions.

View Willas-Array Historical chart here



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