Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission.
Hong Kong, March 13, 2025 (GLOBE NEWSWIRE) -- As disclosed in a press release dated March 3, 2025, Wang & Lee Group, Inc.(NASDAQ: WLGS), a global innovator in sustainable technology, today announced that on March 12, 2025, it entered into a sale and purchase agreement on the acquisition (the "Acquisition”) of potential Solar (HK) Limited ("SolarHK”) for a consideration of HK$15,000,000 (the "Consideration”).
Globally, WLGS also leverages on SolarHK’s technical prowess in its US$71 million project with NQ Marble in Queensland, Australia—a large-scale solar battery crypto mine designed to minimize carbon footprints in blockchain operations and create an energy-efficient mining operation powered entirely by renewable energy, setting a new benchmark for sustainable blockchain infrastructure.
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