Alset subsidiary signs agreements to sell 205 residential lots for ~$11.2M

Alset Inc.

Total consideration ~$11.17M for 142 Section 4 lots and 63 Alset Villas lots.
Buyer Century Land Holdings has inspection period through Dec 22, 2023.
First closing for 70 of the Section 4 lots expected Dec 2023; remainder in early 2024.
Seller is 150 CCM Black Oak Ltd., an indirect majority-owned subsidiary of Alset Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

Alset Inc. entered into Contracts for Purchase and Sale and Escrow Instructions with Century Land Holdings of Texas, LLC valued at $11,172,500 (effective 2023-11-13).

Action: entry
Agreement: asset purchase
Counterparty: Century Land Holdings of Texas, LLC
Value: $11,172,500
Effective: 2023-11-13

Exact text from the filing

On November 13, 2023, 150 CCM Black Oak Ltd. (the “Seller”), a Texas Limited Partnership and an indirect, majority owned subsidiary of Alset Inc. (the “Company”), entered into two Contracts for Purchase and Sale and Escrow Instructions (each an “Agreement,” collectively, the “Agreements”) with Century Land Holdings of Texas, LLC, a Colorado limited liability company (the “Buyer”).

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Alset Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-041883

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