08:39 AM EDT, 03/13/2025 (MT Newswires) -- Wang & Lee Group ( WLGS ) said Wednesday it signed a deal to buy SolarHK for 15 million Hong Kong dollars ($1.9 million), through the issuance of a convertible note.

The company said the deal is intended to support upcoming clean energy initiatives, including a $100 million solar and battery-powered crypto mining site in Hong Kong's New Territories.

Wang & Lee ( WLGS ) also said it will leverage SolarHK's expertise for a $71 million solar crypto mining project in Queensland, Australia that is being developed together with NQ Marble.

WLGS shares were up more than 15% in recent premarket activity.