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WANG & LEE Group, Inc. (symbol: WLGS) is an investment holding company primarily operating through its wholly owned subsidiary, WANG and LEE CONTRACTING LIMITED (WLHK). WLHK specializes in contract engineering and installation services, focusing on low voltage electrical systems (220v/phase 1 or 380v/phase 3), mechanical ventilation and air-conditioning systems (MVAC), fire safety systems, and water supply and sewage disposal systems.
With a solid reputation for reliability and innovation, WANG & LEE Group serves a diverse range of industries, providing tailored solutions that meet stringent safety and quality standards. The company's recent projects have showcased its expertise in delivering complex engineering solutions on time and within budget. This has bolstered its standing in the marketplace and attracted new partnerships and collaborations.
Financially, WANG & LEE Group maintains a robust balance sheet, underpinned by consistent revenue streams from its various contracts. The company strategically reinvests its earnings to fuel innovation and expand its service offerings. The firm’s focus on sustainability and efficiency has also positioned it well in an evolving regulatory landscape.
WANG & LEE Group continues to explore opportunities to enhance its portfolio through strategic acquisitions and partnerships. This proactive approach aims to secure long-term growth and value for its shareholders.
For the latest updates and news about WANG & LEE Group, Inc., please visit http://www.wangnlee.com.cn.
Wang & Lee Group, Inc. (NASDAQ: WLGS) announced the closing of its initial public offering, selling 1,600,000 ordinary shares at $5.00 per share, resulting in gross proceeds of $8,000,000 before deductions. The offering was underwritten by Boustead Securities, LLC and was facilitated by a registration statement filed with the SEC, effective as of March 31, 2023. The company specializes in the installation of Electrical & Mechanical Systems in the construction industry, catering to both public and private sectors. The Offering's prospectus will be filed with the SEC and can be accessed through their website.
WANG & LEE GROUP has begun trading on The Nasdaq Capital Market under the ticker symbol WLGS as of April 20, 2023. The company has priced a public offering of 1,600,000 ordinary shares at $5.00 per share, aiming for gross proceeds of $8,000,000 before expenses. Boustead Securities, LLC is the underwriter for this offering. A registration statement was filed and declared effective by the SEC on March 31, 2023, with details available through official channels. The company specializes in Electrical and Mechanical Systems installation for public and private sectors and provides design and contracting services across the construction industry. They cater to a diverse clientele, from startups to large enterprises.
WANG & LEE GROUP, Inc. (NASDAQ: WLGS) announced the pricing of its initial public offering (IPO) of 1,600,000 shares at $5.00 per share, generating total gross proceeds of $8,000,000. The shares will commence trading on The Nasdaq Capital Market on April 20, 2023, with the offering scheduled to close on April 24, 2023, pending customary conditions. Boustead Securities, LLC serves as the underwriter for this offering. The Company operates in the construction sector, focusing on the installation of Electrical & Mechanical Systems for various clients, ranging from startups to large corporations. This financing aims to bolster W&L’s business operations and expansion plans.
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