WANG & LEE GROUP, INC. Announces Share Combination
WANG & LEE GROUP (NASDAQ: WLGS), a Hong Kong-based construction contractor, has announced a 250-to-1 share combination effective September 2, 2025. The share combination will reduce outstanding shares from 174,679,566 to approximately 698,719.
The company's board approved this action on July 28, 2025, aiming to increase the market price per share to maintain Nasdaq listing compliance. The stock will continue trading under "WLGS" with a new CUSIP number G9T22C118. Shareholders holding shares not evenly divisible by 250 will receive additional fractional shares to ensure no fractional shares remain outstanding.
["Share combination aims to maintain Nasdaq listing compliance", "No shareholder vote required under British Virgin Islands law", "Shareholders receive additional fractional shares to avoid partial share holdings"]WANG & LEE GROUP (NASDAQ: WLGS), impresa edile con sede a Hong Kong, ha annunciato una raggruppamento azionario 250-contro-1 con efficacia dal 2 settembre 2025. Il raggruppamento ridurrà le azioni in circolazione da 174.679.566 a circa 698.719.
Il consiglio di amministrazione ha approvato l'operazione il 28 luglio 2025, con l'obiettivo di aumentare il prezzo per azione e mantenere la conformità ai requisiti di quotazione del Nasdaq. Il titolo continuerà a essere negoziato con il simbolo "WLGS" e avrà un nuovo numero CUSIP: G9T22C118. Gli azionisti con un numero di azioni non divisibile per 250 riceveranno azioni aggiuntive per evitare che rimangano frazioni di azioni in circolazione.
- Il raggruppamento mira a garantire la conformità alla quotazione sul Nasdaq
- Non è richiesta una votazione degli azionisti secondo la legge delle Isole Vergini Britanniche
- Gli azionisti riceveranno azioni aggiuntive per evitare detenzioni parziali
WANG & LEE GROUP (NASDAQ: WLGS), contratista de construcción con sede en Hong Kong, ha anunciado una consolidación de acciones de 250 a 1 con efecto el 2 de septiembre de 2025. La combinación reducirá las acciones en circulación de 174.679.566 a aproximadamente 698.719.
La junta directiva aprobó la medida el 28 de julio de 2025, con el propósito de incrementar el precio por acción y mantener el cumplimiento de los requisitos de cotización del Nasdaq. Las acciones seguirán cotizando bajo el símbolo "WLGS" y contarán con un nuevo número CUSIP: G9T22C118. Los accionistas con cantidades no divisibles por 250 recibirán acciones adicionales para evitar que queden fracciones de acciones en circulación.
- La consolidación busca mantener el cumplimiento de la cotización en Nasdaq
- No se requiere votación de los accionistas según la ley de las Islas Vírgenes Británicas
- Los accionistas recibirán acciones adicionales para evitar participaciones parciales
WANG & LEE GROUP (NASDAQ: WLGS), 홍콩� 본사� � 건설업체가 250대1 주식 병합� 2025� 9� 2일부� 시행한다� 발표했습니다. 이번 병합으로 발행주식 수는 174,679,566주에� � 698,719�� 줄어듭니�.
이사회는 2025� 7� 28� � 조치� 승인했으�, 주당 가격을 올려 나스� 상장 요건� 유지하는 것을 목표� 합니�. 주식은 계속해서 "WLGS"� 거래되며 � CUSIP 번호� G9T22C118입니�. 250으로 나누어떨어지지 않는 주식� 보유� 주주에게� 잔여 주식� 발생하지 않도� 추가 주식� 지급됩니다.
- 주식 병합은 나스� 상장 요건 유지� 목표� 합니�
- 영국� 버진아일랜드법에 따라 주주 투표� 필요하지 않습니다
- 부� 주식� 남지 않도� 주주에게 추가 주식� 지급됩니다
WANG & LEE GROUP (NASDAQ: WLGS), entrepreneur en construction basé à Hong Kong, a annoncé un regroupement d'actions 250 pour 1 prenant effet le 2 septembre 2025. Le regroupement réduira les actions en circulation de 174 679 566 à environ 698 719.
Le conseil d'administration a approuvé cette mesure le 28 juillet 2025, visant à augmenter le cours par action afin de maintenir la conformité aux exigences de cotation du Nasdaq. L'action continuera d'être négociée sous le symbole "WLGS" et aura un nouveau numéro CUSIP : G9T22C118. Les actionnaires dont le nombre d'actions n'est pas divisible par 250 recevront des actions supplémentaires pour éviter qu'il ne reste des fractions d'actions.
- Le regroupement vise à maintenir la conformité à la cotation Nasdaq
- Aucun vote des actionnaires n'est requis selon la loi des Îles Vierges britanniques
- Les actionnaires recevront des actions supplémentaires pour éviter les participations partielles
WANG & LEE GROUP (NASDAQ: WLGS), ein in Hongkong ansässiges Bauunternehmen, hat eine Aktienzusammenlegung im Verhältnis 250 zu 1 mit Wirkung zum 2. September 2025 angekündigt. Die Zusammenlegung wird die ausstehenden Aktien von 174.679.566 auf etwa 698.719 reduzieren.
Der Vorstand genehmigte diese Maßnahme am 28. Juli 2025, mit dem Ziel, den Kurs pro Aktie anzuheben und die Einhaltung der Nasdaq-Listing-Anforderungen sicherzustellen. Die Aktie wird weiterhin unter dem Kürzel "WLGS" gehandelt und erhält eine neue CUSIP-Nummer: G9T22C118. Aktionäre, deren Aktienanzahl nicht durch 250 teilbar ist, erhalten zusätzliche Aktien, sodass keine Bruchstücke von Aktien verbleiben.
- Die Zusammenlegung zielt darauf ab, die Nasdaq-Listing-Konformität zu erhalten
- Nach dem Recht der Britischen Jungferninseln ist keine Aktionärsabstimmung erforderlich
- Aktionäre erhalten zusätzliche Aktien, um Teilanteile zu vermeiden
- None.
- Significant reduction in total outstanding shares may impact trading liquidity
- Share combination suggests possible previous price decline concerns
- Potential technical trading disruption during transition period
Insights
WLGS implementing 250:1 reverse stock split to maintain Nasdaq listing, reducing outstanding shares from 174.7M to ~699K.
WANG & LEE GROUP is executing a 250-to-1 share combination (reverse stock split) effective September 2, 2025. This significant consolidation will reduce the company's outstanding ordinary shares from
The timing of this action is noteworthy - the board approved the measure on July 28, but implementation occurs over a month later. No shareholder vote was required under British Virgin Islands law, making this a board-directed action. Shareholders won't receive fractional shares; instead, those entitled to fractions will receive additional shares to round up to whole numbers.
This substantial 250:1 ratio is much larger than typical reverse splits (often 1:10 or 1:20), indicating severe price deterioration. While reverse splits don't fundamentally change company value, they often signal financial distress and compliance issues. The immediate goal of maintaining listing requirements addresses a critical short-term concern, but doesn't address the underlying business performance issues that likely led to the price decline in the first place.
HONG KONG, Aug. 21, 2025 (GLOBE NEWSWIRE) -- WANG & LEE GROUP, Inc. (NASDAQ: WLGS) (“W&L�, or the “Company�), Hong Kong-based construction prime and subcontractor engaging in the installation of Electrical & Mechanical Systems, today announced that on July 28, 2025, its board of directors approved a combination of its ordinary shares on a 250-to-one basis (the �Share Combination�). The Company’s ordinary shares will begin trading on a post combination basis on September 2, 2025.
As a result of the Share Combination, each two hundred and fifty (250) pre-combination ordinary shares of the Company will be automatically combined into one (1) ordinary share without any action on the part of the holders, with no change to the par value, and the Company’s issued and outstanding ordinary shares will be reduced from 174,679,566 to approximately 698,719. The Company’s ordinary shares will continue to trade on the Nasdaq Capital Market (�Nasdaq�) under the symbol “WLGS� under a new CUSIP number � G9T22C118. The Share Combination is intended to increase the market price per share of the Company’s ordinary shares to allow the Company to maintain its Nasdaq listing.
No fractional shares will be issued as a result of the Share Combination. Shareholders who otherwise would be entitled to a fractional share because they hold a number of ordinary shares not evenly divisible by 250 will automatically be entitled to receive an additional fractional share of the Company’s whole shares in order to ensure that the Company does not have any fractional shares in issue.
The Share Combination will not be submitted to a vote of the Company’s shareholders as a vote is not required under the laws of the British Virgin Islands.
The Company’s transfer agent, Transhare Corporation, will act as the exchange agent. Adjustments made to ordinary shares represented by physical stock certificates can be made upon surrender of the certificate to the transfer agent. Please contact Transhare Corporation, LLC for further information at (303) 662-1112.
About WANG & LEE GROUP, Inc.
WANG & LEE GROUP, Inc. is a Hong Kong-based construction prime and subcontractor engaging in the installation of Electrical & Mechanical Systems, which includes low voltage (220v/phase 1 or 380v/phase 3) electrical system, mechanical ventilation and air-conditioning system, fire service system, water supply and sewage disposal system installation and fitting out for the public and private sectors. It is also able to provide design and contracting services to all trades in the construction industry. Their clients range from small startups to large companies.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,� “may,� “will,� “plans,� “expects,� “anticipates,� “projects,� “predicts,� “estimates,� “aims,� “believes,� “hopes,� “potential� or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers� economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
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