- Business
- Willas-Array Electronics (Holdings) Limited is an investment holding company principally engaged in the distribution and trading of electronic components for industrial, audio and video, telecommunication, home appliances, lighting, electronic manufacturing services, and automotive markets. The company offers automotive products, infotainment systems, motor control solutions, switched-mode power supplies (SMPS), smart LED technologies, smart home products, industrial electronics, security applications, and other specialized components; it also provides engineering solutions, auto parts and modules design services, transportation support, management consultancy, and IoT application services. Founded in 1981 and headquartered in Kwai Chung, Hong Kong, Willas-Array operates primarily in Mainland China (northern and southern regions), Hong Kong, and Taiwan through subsidiaries including a wholly-owned entity in Taipei, with a workforce of approximately 312 employees; it maintains long-term relationships with over 20 international principal suppliers and serves more than 3,000 customers across Asia. As a Bermuda-incorporated public company listed on the Hong Kong Stock Exchange (0854.HK) and Singapore Exchange (BDR.SI), it functions as a subsidiary of Texin (Hongkong) Electronics Co. Limited. Recent developments include a pre-conditional voluntary conditional cash offer in August 2024 by Texin (Hongkong) Electronics Co. Limited to acquire all issued shares and cancel outstanding share options not already owned or agreed to be acquired, along with unconditional acceptances announced thereafter; subscription of 15 million new shares under a general mandate; termination of agreements with Shanghai YCT Group in 2025 after transactions exceeded regulatory thresholds; re-election of key directors such as Mr. Xie Lishu at the 2025 AGM; and improved financial results for the nine months ended December 31, 2024, with reduced net loss, lower administrative expenses, and inventory reductions despite higher net gearing.