---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-035573"
form_type: "8-K"
ticker: "WNHK"
cik: "0001503658"
company_name: "Winning Catering Group, Inc."
filed_at: "2022-12-15T23:59:59+00:00"
generated_at: "2026-06-21T04:06:02.281224+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LiquidValue Development subsidiary to sell 112 rental homes to Alset Inc. for $26.25M

## Summary
- Alset EHome Inc., a subsidiary, will sell entities owning 112 single-family rental homes to Alset Inc.
- Total consideration $26,250,933: debt forgiveness $13.9M, promissory note $11,350,933, cash $1,000,000.
- Purchase price equals book value of the subsidiary as of November 30, 2022.
- Closing subject to approval of stockholders of Alset International Limited.
- Transaction is with related parties; Chan Heng Fai is Chairman/CEO of all three entities.

## SEC filing metadata
- accession: 0001493152-22-035573
- form_type: 8-K
- ticker: WNHK
- cik: 0001503658
- company_name: Winning Catering Group, Inc.
- filed_at: 2022-12-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1503658/000149315222035573/0001493152-22-035573-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1503658/000149315222035573/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-035573
- JSON: https://secwatch.observer/filing/0001493152-22-035573.json
- Plain text: https://secwatch.observer/filing/0001493152-22-035573.txt

## Key facts
- Material Agreements
  Winning Catering Group, Inc. entered into a asset purchase with Alset Inc. valued at $26,250,933 (effective 2022-12-09).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Alset Inc.
  - Value: $26,250,933
  - Effective: 2022-12-09
  source text: On December 9, 2022, Alset EHome Inc., a subsidiary of LiquidValue Development Inc. (the “Company”), Alset International Limited and Alset Inc. entered into an agreement pursuant to which Alset EHome Inc. will sell subsidiaries owning 112 single-family rental homes to Alset Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1503658/000149315222035573/0001493152-22-035573-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.