Wang & Lee Holdings Amends Share Purchase Agreement, Replaces Convertible Note with HK$15 Million Cash Payment
Wang & Lee Holdings, Inc., a British Virgin Islands corporation, has announced an amendment to its Share Purchase Agreement with Allied Worldwide Industries Limited. The original agreement, dated March 12, 2025, involved the acquisition of Solar (HK) Limited through the issuance of a convertible note valued at HK$15,000,000. However, the note remained unconverted. As per the latest amendment, Wang & Lee Holdings will now provide the consideration in cash instead, making a payment of HK$15,000,000 to Allied Worldwide Industries by wire transfer within five business days following the execution of the amendment. Upon receipt of the payment, the previously issued convertible note will be nullified and surrendered for cancellation.
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