Wang & Lee Group Inc. Amends Convertible Note Terms in Solar HK Acquisition Deal

Reuters07-17

Wang & Lee Group Inc. Amends Convertible Note Terms in Solar HK Acquisition Deal

Wang & Lee Group Inc. has announced an update regarding its acquisition of Solar (HK) Limited from Allied Worldwide Industries Limited. Previously, the company entered into a sale and purchase agreement for the entire share capital of Solar HK for HK$15,000,000. This consideration was to be satisfied through the issuance of a convertible note. On July 17, 2025, Wang & Lee Group Inc. amended the terms of the original convertible notes with Solar HK. The amendment specifies that the conversion price and the automatic conversion price will not fall below a defined floor price. This update follows the initial agreement disclosed on March 13 and April 1, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wang & Lee Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-020003), on July 17, 2025, and is solely responsible for the information contained therein.

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