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 expects to finalize the transaction within the week, according to the statement.
Shares of Wang & Lee Group were down nearly 8% in recent trading.
Price: 5.54, Change: -0.47, Percent Change: -7.82
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。