Willas-Array Electronics Clears Takeover Hurdles
All the prerequisite conditions for the tender offer of Willas-array (00854) have been met on July 11th.
According to the joint announcement of Willas-Array (00854) and the offeror Hong Kong Yachuang Taixin Electronics Co., Ltd., based on the approval of the shareholder of Shanghai Yachuang at the Shanghai Yachuang Extraordinary General Meeting held on July 11, 2024, precondition (d) (i.e. the last item of the preconditions) has been fulfilled on July 11, 2024. Therefore, all preconditions have been met on July 11, 2024. As of the date of this joint announcement, the offeror and its concert parties collectively hold 18,6143 million shares, representing 21.23% of the company's issued share capital. As of the date of this joint announcement,
IDC predicts that the global industrial security market will reach 6.7 billion US dollars by 2026 with a compound annual growth rate of up to 28.4% over five years.
Zhitong Finance and Economics APP learned that IDC stated in a document released on July 10th that the integration of IT and OT has further deepened. While improving efficiency, it has also exposed industrial control systems to more complex network environments. It is urgent for enterprises and organizations to strengthen their industrial control security.
WILLAS-ARRAY: Annual Report for the Year Ended 31 March 2024
Willas-array (00854.HK) changed the company's website URL.
On June 28th, Grong Hui reported that Willas-Array (00854.HK) announced that its website will be changed on July 1st, 2024. All announcements, notices, or other materials submitted by the company to the Hong Kong Stock Exchange website and Singapore Stock Exchange website will also be published on the company's new website.
Willas-Array Electronics Swings to Attributable Loss in Fiscal 2024 as Demand Weakens
Willas-Array Electronics (SGX:BDR, HKG:854) swung to an attributable loss to owners of HK$169.2 million for the year ended March 31, compared with an attributable profit of HK$2.7 million in the year-
Willas-Array (00854) released its annual performance report, with shareholders experiencing a loss of HKD 169 million, a year-on-year reversal from profit to loss.
Willas-array (00854) released its annual results for the year ending March 31, 2024, with a group income of 26.65...
Express News | Willas-Array Electronics (Holdings) FY Revenue HKD 2,664.9 Million
Express News | Willas-Array Electronics (Holdings) FY Gross Margin 5.1%
WILLAS-ARRAY: Announcement of Annual Results for the Year Ended March 31, 2024
Satisfaction of Pre-conditions in Willas-Array Electronics Takeover Bid Expected on Aug. 1
The fulfillment of the preconditions for the acquisition of Willas-Array Electronics (SGX:BDR, HKG:0854) by Shanghai YCT Electronics Group (SHE:301099) subsidiary Texin (Hongkong) Electronics is expec
Willas-Array (00854.HK) will hold a board of directors meeting on June 21 to approve financial performance.
Willas-array (00854.HK) announced on June 11th that the company will hold a board of directors meeting on June 21st, 2024 to consider and approve the audited comprehensive financial performance of the company and its subsidiaries for the year ended March 31, 2024 for release and to consider the declaration of final dividends (if any).
WILLAS-ARRAY: Date of Board Meeting
Willas-Array Electronics Contemplates Share Acquisition
Willas-Array Electronics to Swing to Loss in Fiscal 2024
Willas-Array Electronics (HKG:0854, SGX:BDR) expects a consolidated net loss in the range of HK$160.0 million to HK$190.0 million for the year ended March 31, 2024 against a consolidated net profit of
Willas-Array Forecasts Major Fiscal Year Loss
Weiyali (00854.HK) Profit Alert: Net loss of approximately HK$160 million to HK$190 million for the 2024 fiscal year
On May 27, GLONGHUI (00854.HK) issued an announcement. Compared with the consolidated net profit of about HK$2.7 million recorded in the previous year, the company is likely to record a consolidated net loss of about HK$160.0 million to HK$190.0 million in fiscal year 2024. The consolidated net loss was mainly due to: (i) weak demand, strong inflation and continued rise in interest rates in FY2024, which reduced the Group's sales revenue; (ii) due to intense price competition in the overall electronic components market, which put pressure on the gross margin of the Group's products, and the gross margin declined; (iii) the comparison with FY2023 recorded inventory reserve rebates
Willas-Array Electronics Sees FY24 Loss HK$160M-Loss HK$190M >BDR.SG
Willas-Array Electronics Sees FY24 Loss HK$160M-Loss HK$190M >BDR.SG
WILLAS-ARRAY: Profit Warning
Willas-Array Advances on Acquisition Offer
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