---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-002041"
form_type: "8-K"
ticker: "WNHK"
cik: "0001503658"
company_name: "Winning Catering Group, Inc."
filed_at: "2023-01-20T23:59:59+00:00"
generated_at: "2026-06-20T12:25:45.541298+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# LiquidValue Development completes sale of 112 single-family homes for $26.25M to related party Alset Inc.

## Summary
- Total consideration of $26,250,933 includes debt forgiveness of $13,900,000, promissory note of $11,350,933, and $1,000,000 cash.
- The sold subsidiary, American Home REIT Inc., owned 112 single-family rental homes; purchase price equaled book value as of Nov. 30, 2022.
- Pro forma 2022 net loss attributable to common stockholders improves from $(2.31M) to $(0.77M) after disposition.
- Transaction is with Alset Inc., which indirectly owns ~99.9% of LiquidValue; Chan Heng Fai is chairman/CEO of both entities.
- Pro forma balance sheet reduces real estate assets by $26.1M and note payables by $13.9M, with $11.35M promissory note receivable.

## SEC filing metadata
- accession: 0001493152-23-002041
- form_type: 8-K
- ticker: WNHK
- cik: 0001503658
- company_name: Winning Catering Group, Inc.
- filed_at: 2023-01-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1503658/000149315223002041/0001493152-23-002041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1503658/000149315223002041/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-002041
- JSON: https://secwatch.observer/filing/0001493152-23-002041.json
- Plain text: https://secwatch.observer/filing/0001493152-23-002041.txt

## Key facts
- M&A Transactions
  Winning Catering Group, Inc. completed a disposition involving Alset Inc. for $26,250,933 (closed 2023-01-13).
  - Action: disposition
  - Counterparty: Alset Inc.
  - Consideration: $26,250,933
  - Closing: 2023-01-13
  source text: Alset EHome Inc. sold AHR for a total consideration of $26,250,933, including the forgiveness of debt in the amount of $13,900,000, a promissory note in the amount of $11,350,933 and a cash payment of $1,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1503658/000149315223002041/0001493152-23-002041-index.htm

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