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 Post subject: Willas-Array Electronics (Holdings) Limited
PostPosted: November 13th, 2009, 11:36 pm 
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Willas-Array: Achieves Strong Turnaround With Net Profit Of HK$31.4 Million For 1H2010. - Willas-Array Electronics (Holdings) Limited reported a strong turnaround with net profit attributable to shareholders of HK$31.4 million for the first six months ended 30 September 2009. This compares with a full year loss of HK$19.7 million in FY2009. Compared with profit attributable to shareholders of HK$7.9 million attained in corresponding period last year, the Group has quadrupled its earnings in 1H2010 to HK$31.4 million


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 Post subject: Re: Willas-Array Electronics (Holdings) Limited
PostPosted: March 8th, 2010, 1:23 pm 
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Willas-Array: Announces Management Changes As Part Of Its Job Rotation Programme To Strengthen Sales And Marketing Team. - Willas-Array Electronics (Holdings) Limited is pleased to announce the swopping of roles between its Sales Director, Mr Alvin Hon and Marketing Director, Mr Joseph Chu, as part of its job rotation programme. This key management change, which aims to further strengthen the sales and marketing functions of the Group, will be effective from 1 April 2010. In the past four years, Mr Hon and Mr Chu have respectively spearheaded the sales and marketing functions with a common goal to expand Willas Array's presence in Greater China, a market which continues to present immense growth potential


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 Post subject: Re: Willas-Array Electronics (Holdings) Limited
PostPosted: May 26th, 2010, 8:36 pm 
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May 26, 2010, 6.39 pm (Singapore time)

Willas-Array reports a return to profits, plans dividend
By ANGELA TAN

SINGAPORE - Willas-Array Electronics (Holdings) Limited reported on Wednesday a net profit of HK$70.5 million (US$9.0 million) for the full year ended March 31, 2010 compared with a loss of HK$19.7 million in the previous year.

The distributor of electronics components saw a 25.1 per cent surge in revenue, from HK$2.4 billion in FY2009 to HK$2.9 billion this year.

Willas-Array said the swift turnaround was the result of its strong financial discipline, with a firm emphasis on tight capital management, ensuring a healthy cash balance and strong cash flow, regardless of the business environment.

To reward loyal shareholders, the directors have recommended a first and final dividend of 1.8 Singapore cents per share.

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 Post subject: Re: Willas-Array Electronics (Holdings) Limited
PostPosted: January 27th, 2011, 11:49 pm 
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Willas-Array proposes 1-for-5 rights issue to finance business expansion and strengthen working capital

• Plans to raise between S$5.9 million to S$8 million in net proceeds
• Issue price of S$0.12 represents a discount of approximately 35% to the closing price of S$0.185 on 26 January 2011

SINGAPORE – 27 January 2011 – Willas-Array Electronics (Holdings) Limited (“Willas-Array” or “The Group”), one of the largest Hong Kong-based distributors of electronics components in the Asia Pacific region, today proposes to conduct a rights issue to finance the Group’s business expansion and strengthen its working capital.

The Group plans to raise between S$5.9 million to S$8.0 million in net proceeds via a renounceable non-underwritten rights issue of up to 68,354,200 Rights Shares, at an issue price of S$0.12 (the “Issue Price”), on the basis of one (1) Rights Share for every five (5) existing Shares.


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