Hong Kong, March 04, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group, Inc. (NASDAQ: WLGS), a trailblazer in sustainable energy and blockchain-integrated solutions, today announced a landmark collaboration with Sino Wealth Limited and a consortium of Hong Kong landowners to establish Hong Kong's first solar-powered crypto battery farm. Spanning seven land plots, this US$100 million revenue project (and the landowners have paid US$1 million as a non-refundable deposit) merges renewable energy and crypto-mining innovation through Wang & Lee's proprietary ecosystem. This pioneering project taps into Hong Kong's underutilized solar resources, leveraging average annual solar irradiance of 3.8–4.2 kWh/m²/day—comparable to regions like Japan (3.5–4.0 kWh/m²/day) and exceeding solar leaders Germany (2.8–3.2 kWh/m²/day).
Hong Kong, March 03, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group, Inc. (WLGS), a leader in sustainable technology solutions, today announced its acquisition of Solar (HK) Limited (“SolarHK”), a pioneering solar energy company, through an allotment of shares valued at approximately HK$15 million. This strategic move aims to integrate SolarHK's extensive solar expertise with WLG's lithium-ion battery initiatives, advancing Hong Kong's transition to renewable energy.
Wang & Lee (NASDAQ: WLGS ) stock is seeing major movement on Friday without any recent news from the Hong Kong-based construction company. However, investors will keep in mind that WLGS is still incredibly new to the public market.
Wang & Lee Group (NASDAQ: WLGS ) stock is gaining on Friday after the company's shares went public yesterday. Today's raise follows the company's IPO yesterday which saw it offering up 1.6 million shares of WLGS stock for a price of $5 each.