11:42 AM EST, 03/03/2025 (MT Newswires) -- Wang & Lee Group ( WLGS ) said Monday it is acquiring SolarHK in exchange for shares valued at about 15 million Hong Kong dollars ($1.9 million).

The company said the acquisition aims to integrate SolarHK's solar expertise with WLG's lithium-ion battery initiatives and to advance the renewable energy transition in Hong Kong.

Wang & Lee Group ( WLGS ) expects to finalize the transaction within the week, according to the statement.

Shares of Wang & Lee Group ( WLGS ) were down nearly 8% in recent trading.

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