Texin (Hongkong) Electronics Co. Limited made an offer to acquire 78.76% stake in Willas-Array Electronics (Holdings) Limited (SGX:BDR) for approximately HKD 230 million on February 1, 2024.Transaction is subject to approval from China anti-monopoly bureau, China Securities Regulatory Commission, Securities and Futures Commission of Hong Kong, Securities Industry Council of Singapore, China Securities Regulatory Commission, Securities and Futures Commission of Hong Kong, Securities Industry Council of Singapore. Transaction is subject to approval from Shanghai Yct Electronics Group's board of director's and shareholders. As of May 22, 2024, the transaction has been approved by PRC Anti-trust Regulatory Authorities. As of February 1, 2024 Shanghai Yct Electronics Group's board of director's approved the transaction.

Guosen Securities (Hong Kong) Capital Company Limited and Evolve Capital Asia acted as Financial Advisor to Texin (Hongkong) Electronics Co. Limited. Shanghai Guangfa Law Firm acted as legal advisor, Deloitte Touche Tohmatsu Certified Public Accountants LLP and Ernst & Young Hua Ming LLP acted as accountant and Guosen Securities Co., Ltd. (SZSE:002736) acted as financial advisor to Texin.