WANG & LEE GROUP, which provides design and contracting services to the construction industry in China, raised $8 million by offering 1.6 million shares at $5, as expected.
Operating as a construction prime and subcontractor, WANG & LEE provides a wide range of large sitework construction services to private construction customers, such as commercial and residential developers and local businesses. The company primarily engages in the installation of Electrical & Mechanical Systems. This includes low voltage electrical systems, mechanical ventilation and air-conditioning systems, fire service systems, water supply and sewage disposal system installation, and fitting out for the public and private sectors.
WANG & LEE GROUP plans to list on the Nasdaq under the symbol WLGS. Boustead Securities acted as sole bookrunner on the deal.
