{"id":821409,"date":"2025-03-04T09:33:48","date_gmt":"2025-03-04T14:33:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wang-lee-pays-crypto-dividends-to-destroy-dishonest-naked-short-sellers-and-protect-shareholders\/"},"modified":"2025-03-04T09:33:48","modified_gmt":"2025-03-04T14:33:48","slug":"wang-lee-pays-crypto-dividends-to-destroy-dishonest-naked-short-sellers-and-protect-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wang-lee-pays-crypto-dividends-to-destroy-dishonest-naked-short-sellers-and-protect-shareholders\/","title":{"rendered":"Wang & Lee pays Crypto Dividends to Destroy Dishonest Naked Short Sellers and Protect Shareholders\u00a0"},"content":{"rendered":"
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\n Hong Kong, March 04, 2025 (GLOBE NEWSWIRE) — <\/strong>Wang & Lee Group (NASDAQ: WLGS) today announced a groundbreaking milestone, Makes Legendary History as first Hong Kong Company to distribute shareholder dividends using cryptocurrency mined exclusively through its solar battery crypto farms. This bold initiative underscores the company\u2019s leadership in merging renewable energy solutions with cutting-edge blockchain technology, setting a new standard for sustainable corporate practices.<\/p>\n

\n A Visionary Leap Toward Sustainability<\/strong>\n <\/p>\n

Wang & Lee Group\u2019s dividend payment leverages cryptocurrency mined via its proprietary solar battery crypto farms, which harness excess clean energy generated during peak production hours. By converting unused solar power into digital assets, the company ensures its crypto-mining operations leave a minimal carbon footprint\u2014a direct response to growing environmental concerns around traditional cryptocurrency mining.<\/p>\n

\n CEO Statement: Leading with Purpose<\/strong>\n <\/p>\n

Mr. Ho, CEO of Wang & Lee Group, stated, \u201cToday marks a transformative moment for our shareholders and the broader financial ecosystem. By integrating our solar energy infrastructure with blockchain innovation, we\u2019re redefining what it means to deliver value responsibly. This isn\u2019t just about profitability\u2014it\u2019s about pioneering a future where sustainability and shareholder returns go hand in hand where renewable energy meets blockchain innovation. Having successfully locked down the US$100 million deal in crypto mining, we foresee the company will be profitable and we would like to reward our shareholders in the form of cryptocurrency by way of dividends payout. In an unprecedented move in allowing shareholders to use crypto dividends within our ecosystem or to cash out for fiat, we\u2019re fostering loyalty and accelerating the adoption of sustainable technologies. After extensive board discussions, in order to protect our shareholders\u2019 voting rights and interests, we decided to use crypto dividends to reveal naked short sellers looking to profit out of illegally selling fake shares. In the verification process, shareholders who have bought fake shares from naked short sellers will not be entitled to their crypto dividend. Crypto and share count can easily reveal who are genuine or fake shareholders. On a quest to hunt down dishonest brokers, we are considering engaging Shareintel to track and count naked shorts.\u201d<\/p>\n

\n How It Works<\/strong>\n <\/p>\n

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  1. \n Dedicated Energy Utilization<\/strong>: Energy is in on-site, high-efficiency cryptocurrency mining rigs.<\/li>\n
  2. \n Solar Energy Generation<\/strong>: The company\u2019s solar farms produce clean energy, powering local communities and village homes in the New Territories in Hong Kong.<\/li>\n
  3. \n Dividend Conversion<\/strong>: Mined cryptocurrency (e.g., Bitcoin) is securely distributed to shareholders via a regulated digital wallet platform, offering transparency and reduced transaction costs.<\/li>\n<\/ol>\n

    \n Benefits for Shareholders<\/strong>\n <\/p>\n