---
title: "Willas-Array Flags New Referral Deal as Interested Person Transaction with Shanghai YCT Group"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292188780.md"
description: "Willas-Array Electronics announced a mutual customer referral framework agreement with subsidiaries of Shanghai YCT Group. This deal, along with other transactions, caused the aggregate value to exceed 3% of the group's latest audited net tangible assets. Consequently, these dealings are classified as interested person transactions under Singapore listing rules, triggering enhanced scrutiny and disclosure obligations."
datetime: "2026-07-09T10:37:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292188780.md)
  - [en](https://longbridge.com/en/news/292188780.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292188780.md)
generator: "portal-rs"
---

# Willas-Array Flags New Referral Deal as Interested Person Transaction with Shanghai YCT Group

Willas-Array Electronics (Holdings) Limited ( (SG:BDR) ) has provided an announcement.

Willas-Array Electronics has disclosed that its Hong Kong and China subsidiaries have entered into a mutual customer referral framework agreement with Shenzhen E-MANTECH and E-MANTECH (HK), which are subsidiaries of Shanghai YCT Electronics Group. The arrangement formalizes cooperation on sharing customer referrals between the parties and reflects closer commercial ties with the Shanghai YCT Group.

As a result of this referral agreement and other dealings, the aggregate value of transactions between Willas-Array and the Shanghai YCT Group in the current financial year has exceeded 3% of the group’s latest audited net tangible assets, triggering interested person transaction thresholds under Singapore listing rules. The company’s board has characterized these dealings as interested person transactions, signaling enhanced scrutiny and disclosure obligations for transactions with the Shanghai YCT Group under the SGX-ST Listing Manual.

**More about Willas-Array Electronics (Holdings) Limited**

Willas-Array Electronics (Holdings) Limited is an electronics distributor listed in both Hong Kong and Singapore, operating through subsidiaries such as Willas-Array Electronics (Hong Kong) Limited and Array Electronics (China) Limited. The group focuses on serving electronics manufacturers and related customers across Greater China and broader Asian markets through component distribution and value-added services.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**