M&A
confidence high
sentiment neutral
materiality 0.90
DSS issues ~71.4M shares to acquire 25.1% of Alset Intl and True Partner Capital with $1.7B AUM
DSS, INC.
- DSS issued 59,979,582 shares for 877,248,065 ordinary shares of Alset International Limited (25.1% stake).
- DSS issued 11,397,080 shares for 100% of True Partner International (HK) and its 62,122,908 shares of True Partner Capital Holding.
- AEI's ownership rises from 15.24% to 55.52%, making AEI the majority shareholder of DSS.
- True Partner Capital has ~$1.7 billion in AUM; closings require NYSE and stockholder approval.
- Transactions are with related party; Chairman Heng Fai Ambrose Chan is common to both AEI and DSS.