Appleby Advises Willas-Array Electronics

Appleby acted as Bermuda counsel for Willas-Array Electronics [Holdings] Limited [Willas-Array] in relation to its listing by way of introduction on the Main Board of the Hong Kong Stock Exchange on 6 December 2013. The shares of Willas-Array have been listed on the main board of the Singapore Exchange Securities Trading Limited since July 2001.

The listing of Willas-Array in Hong Kong does not involve any offering of new shares or a public offering of any other securities and no new proceeds will be raised pursuant to the listing.

The key purpose is to add liquidity to the shares and provide Willas-Array with greater access to international capital. Willas-Array plans to implement business strategies by developing the business in the high-growth PRC market, expansion of sales and technical support, focus on application and development activities, attract and retain top talent in the industry, expansion of product offerings, and to seek growth through collaboration and acquisitions.

The Appleby team was led by Judy Lee, a Corporate Partner in Appleby’s Hong Kong office, assisted by Senior Associate, Chris Cheng. Jones Day advised the Company as to Hong Kong and Taiwan laws, Wong Partnership advised the Company as to Singapore law and Haiwen & Partners advised the Company as to PRC law. Pinsent Masons and LCS & Partners advised the sole sponsor as to Hong Kong law and Taiwan law, respectively, while Jingtian & Gongcheng advised the sole sponsor as to PRC law.

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