other material
confidence high
sentiment positive
materiality 0.75
DSS receives $15M from Alset, invests $40M in American Pacific Bancorp to become majority owner
DSS, INC.
- DSS issues 12,155,591 shares to Alset EHome at $1.234/share for $15M investment.
- DSS invests $40M in American Pacific Bancorp at $6/share for 6,666,700 shares, gaining >50% ownership.
- AEI's Chairman Heng Fai Chan serves on both AEI and DSS boards; Audit Committee approved on Sept 2, 2021.
- DSS plans to deploy capital for B2B loans and expects entire $40M generating interest by end of 2021.