Alset EHome completes acquisition of Alset International shares from CEO in share-for-share deal

Alset Inc.

Acquired 293,428,200 ordinary shares of Alset International Ltd from Chairman/CEO Chan Heng Fai.
Issued 35,319,290 new shares of common stock as purchase consideration.
Transaction approved by stockholders at Special Meeting on June 6, 2022.
Shares issued in reliance on Section 4(a)(2) exemption from registration.
No cash involved; deal closes on July 18, 2022.

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