secwatch / observer
8-K filed November 22, 2023, 6:59 PM ET ticker AEI CIK 0001750106
other material confidence high sentiment neutral materiality 0.60

Alset Inc. subsidiary agrees to sell HWH International shares to two investors for $16M total

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 0.9

Alset Inc. entered into Stock Purchase Agreement with Massive Brilliant Limited valued at $8,000,000.00 per share purchase (effective 2023-11-21).

Action
entry
Agreement
equity purchase
Counterparty
Massive Brilliant Limited
Value
$8,000,000.00 per share purchase
Effective
2023-11-21
Exact text from the filing
On November 21, 2023, Alset International Limited, an 85.4%-owned subsidiary of Alset Inc. (the “Company”) entered into two Stock Purchase Agreements (each, a “Stock Purchase Agreement,” collectively the “Stock Purchase Agreements”), with each of Teh Wing Kwan, a citizen of Singapore, and Massive Brilliant Limited, a Hong Kong limited company (each an “Investor,” collectively, the “Investors”), the terms of each Stock Purchase Agreement being substantially the same.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Alset Inc. entered into Stock Purchase Agreement with Teh Wing Kwan valued at $8,000,000.00 per share purchase (effective 2023-11-21).

Action
entry
Agreement
equity purchase
Counterparty
Teh Wing Kwan
Value
$8,000,000.00 per share purchase
Effective
2023-11-21
Exact text from the filing
On November 21, 2023, Alset International Limited, an 85.4%-owned subsidiary of Alset Inc. (the “Company”) entered into two Stock Purchase Agreements (each, a “Stock Purchase Agreement,” collectively the “Stock Purchase Agreements”), with each of Teh Wing Kwan, a citizen of Singapore, and Massive Brilliant Limited, a Hong Kong limited company (each an “Investor,” collectively, the “Investors”), the terms of each Stock Purchase Agreement being substantially the same.
View on SEC.gov

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Alset Inc. filing history →

Source: SEC EDGAR
accession 0001493152-23-042499
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