Alset Inc. acquires direct ownership of 112 rental homes from subsidiary for $26.3M

Alset Inc.

Total consideration $26,250,933: $13.9M debt forgiveness, $11.35M promissory note, $1M cash.
Transaction moves 112 homes from indirect ownership through Alset International Limited to direct via AHR.
Closed January 13, 2023; approved by Alset International Limited shareholders.
Related-party transaction: directors and management of Alset Inc. also serve on Alset International and Alset EHome boards.

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