other material
confidence high
sentiment positive
materiality 0.15
Shareholders approve 35.3M share issuance to CEO for Alset International stake and Texas reincorporation
Alset Inc.
- Approved issuance of 35,319,290 new common shares to Chairman/CEO Chan Heng Fai for 293,428,200 Alset International shares.
- Approved reincorporation from Delaware to Texas and name change to 'Alset Inc.'.
- Ratified Grassi & Co. as independent auditor for fiscal year 2021.
- All proposals passed with over 84% of votes cast in favor (excluding broker non-votes).