Wang & Lee Holdings holds 9,650,000.00 Troops, Inc. ordinary shares, representing 7.9%, after agreements covering an issuance and repurchase at $0.90 per share. The stake matters because the holder says its purpose may include acquiring or disposing of securities and seeking influence over management or the board.

Key Highlights

  • Wang & Lee Holdings is shown with 9,650,000 ordinary shares in Troops, Inc.
  • Troops, Inc. sold Wang & Lee 14,050,000 ordinary shares for $12,645,000.
  • Wang & Lee signed the statement through Pui Lung Ho, identified as Chairman and CEO.

Wang & Lee Holdings says its purpose may involve acquiring or disposing of additional securities and potentially influencing management or the board.

Share Issuance and Repurchase Terms

A May 28, 2025 agreement saw Troops, Inc. issue 14,050,000 ordinary shares to Wang & Lee at $0.90 per share for $12,645,000 ($12.645 million). The parties later agreed on July 22, 2025 that Troops, Inc. would repurchase 4,400,000 shares at $0.90 each for $3,960,000 ($3.96 million). That repurchase closed on July 24, 2025. The arrangements also included a lock-up agreement and gave Troops, Inc. an exclusive option to repurchase the shares before the lock-up period ended.

Wang & Lee’s Stated Investment Purpose

Wang & Lee said it may review, reconsider or change its position and purpose over time. The holder may also develop plans involving the securities or seek to influence Troops, Inc.’s management or Board of Directors. Pui Lung Ho signed the statement for WANG & LEE Holdings, Inc. as Chairman and CEO on September 24, 2026.