HONG KONG, May 07, 2025 (GLOBE NEWSWIRE) -- WANG & LEE GROUP, Inc. (NASDAQ:WLGS) ("W&L", or the "Company"), Hong Kong-based construction prime and subcontractor engaging in the installation of Electrical & Mechanical Systems, today announced that it received written notification on May 6, 2025, from The Nasdaq Stock Market LLC that it no longer complies with the minimum bid price requirement for continued listing on the Nasdaq Capital Market pursuant to the Nasdaq Listing Rule 5550(a)(2). The closing bid price for the Company's ordinary shares had fallen below $1.00 per share for 30 consecutive business days and accordingly, the Company no longer complies with the minimum bid price requir

HONG KONG, April 3, 2025 /PRNewswire/ -- TROOPS, Inc. (NASDAQ:TROO) (the "Company" or "TROOPS") today announced it has received the initial tranche of a strategic investment exceeding US$10 million from Wang & Lee Group, Inc. (NASDAQ:WLGS) ("Wang & Lee") which is expected to be complete by mid-April 2025. This milestone underscores the rapid progression of the partnership announced by Wang & Lee on March 31, 2025, aimed at integrating cutting-edge AI, IoT, and blockchain technologies across TROOPS' portfolio. Accelerating Innovation in Smart Communities This initial investment marks a critical step in realizing the shared vision of TROOPS and Wang & Lee of creating smarter, greener communit

Hong Kong, April 01, 2025 (GLOBE NEWSWIRE) -- WANG & LEE GROUP, Inc. (NASDAQ:WLGS) today announced the successful closing of its acquisition of Solar (HK) Limited ("SolarHK"). The transaction, initially announced on March 3, 2025, has now been finalized, marking a transformative step in WLGS's mission to accelerate Hong Kong's renewable energy transition through integrated solar and energy storage solutions. Accelerating Hong Kong's Green Energy Vision The acquisition of SolarHK strengthens WLGS's position as a comprehensive provider of sustainable energy systems. By combining SolarHK's proven solar photovoltaic ("PV") expertise with WLGS's advanced lithium-ion battery technology, the c

Hong Kong, March 31, 2025 (GLOBE NEWSWIRE) -- Wang and Lee Group, Inc. (NASDAQ:WLGS) today announced its strategic investment in Nasdaq-listed TROOPS, Inc. (NASDAQ:TROO). This collaboration aims to unlock synergies by integrating Wang and Lee's cutting-edge AI-driven advertising media, smart home devices, and blockchain-powered token rewards into TROOPS' expansive infrastructure. The proposed investment will enable Wang and Lee to deploy its AI-driven digital advertising platforms and IoT-enabled smart home solutions across TROOPS' potential 200-building portfolio, reaching its vast number of tenants and visitors. Central to the partnership is the introduction of an Environmental, Social,

Innovative partnership with City University of Hong Kong paves the way for sustainable urban solutions HONG KONG, March 28, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group, Inc. (Nasdaq: ​WLGS) (the "Company") today announced the successful installation of the first ever developed and made in Hong Kong smart flooring system capable of converting kinetic energy from human footsteps into usable electricity. This milestone achievement, developed in collaboration with City University of Hong Kong ("CityU"), marks a transformative leap in sustainable infrastructure and underscores the Company's commitment to its Environmental, Social and Governance initiative and advancing innovative clean energy te

Hong Kong, March 24, 2025 (GLOBE NEWSWIRE) -- Wang and Lee Group, Inc. (NASDAQ:WLGS) today announced that its CEO, Mr. Joe Ho, and Ms. Kim Cheng, Director of NQ Marble Pty Ltd, will travel to Australia, within the next 10 days to conduct an onsite inspection of the marble quarry central to the Group's recently awarded US$71 million contract. This visit underscores the company's commitment to advancing its dual green energy strategy and securing long-term growth opportunities in sustainable infrastructure. The inspection will focus on operational readiness, resource evaluation, and integration plans for the quarry's marble extraction and solar crypto mining initiatives. Mr. Ho emphasized t

Hong Kong, March 24, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group, Inc. (Nasdaq: ​WLGS), a multinational leader in sustainable infrastructure and resource development, today announced that it has entered into a securities purchase agreement with certain institutional investors for the purchase and sale of 3,529,400 ordinary shares at a purchase price of $3.40 per ordinary share, together with Series A warrants to purchase up to 3,529,400 ordinary shares at an exercise price of $3.40 per ordinary share and Series B warrant. The Series A warrants may be exercised on an alternative basis pursuant to which the holder may pay $0.0001 per warrant in exchange for 0.5 times the number of ordinary sha

Exclusive collaboration rewards users with blockchain tokens for ad engagement, amplifying ESG impact and consumer value Hong Kong, March 18, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group, Inc. (NASDAQ:WLGS), today announced a landmark partnership with HK Golden, Inc. ("HKGolden"), a leading media and entertainment conglomerate, to integrate exclusive ad-driven content into Linko Smart Technology Limited's ("Linko") AI-powered smart home devices. This tripartite Partnership establishes HKGolden as the exclusive media content collaborator for Wang & Lee and Linko, enabling users to earn blockchain tokens based on "air-time" engagement with ads and entertainment. The collaboration cements Wang

Partnership merges blockchain rewards, renewable energy, and media monetization to redefine ESG innovation Hong Kong, March 17, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group, Inc. (NASDAQ:WLGS), a global leader in sustainable energy and blockchain solutions, today announced a exclusive collaboration agreement with Linko Smart Technology Limited ("Linko"), a trailblazer in AI-powered smart home technologies. This partnership solidifies W&L's position as the sole provider of AI-driven smart home services, energy efficiency solutions, and media content integration for Linko's devices, accelerating the creation of a self-sufficient Internet of Things (IoT) IoT ecosystem powered by renewable energ

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"). The Consideration shall be satisfied by the Company through the issuance of convertible promissory note (the "Note") to the Vendor for the principal amount of HK$15 million. The Acquisition, will integrate SolarHK's solar expertise and local partnerships to advance WLGS's renewable ene

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Hong Kong, March 12, 2025 (GLOBE NEWSWIRE) -- As disclosed in a press release dated March 4, 2025, Wang & Lee Group, Inc. (NASDAQ:WLGS), intends to distribute a cryptocurrency dividend to its shareholders upon realizing profits and subject to there being retained earnings according to the Company's audited financial statements. The Company's decision to explore a crypto dividend reflects its commitment to embracing cutting-edge financial technologies and delivering value to its shareholders in innovative ways. Wang & Lee's crypto dividend initiative is designed not only to reward shareholders but also to safeguard their interests by addressing potential market abuses such as naked short

Hong Kong, March 04, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group (NASDAQ:WLGS) today announced a groundbreaking milestone, Makes Legendary History as first Hong Kong Company to distribute shareholder dividends using cryptocurrency mined exclusively through its solar battery crypto farms. This bold initiative underscores the company's leadership in merging renewable energy solutions with cutting-edge blockchain technology, setting a new standard for sustainable corporate practices. A Visionary Leap Toward Sustainability Wang & Lee Group's dividend payment leverages cryptocurrency mined via its proprietary solar battery crypto farms, which harness excess clean energy generated during peak pr

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. SolarHK: A Trailblazer in Renewable Energy Established in 2019, SolarHK has been at the forefront of promoting renewable energy adoption across Hong Kong. The company offers comprehensive services, including solar photovoltaic (P