---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-020974"
form_type: "8-K"
ticker: "AEI"
cik: "0001750106"
company_name: "Alset Inc."
filed_at: "2024-05-22T23:59:59+00:00"
generated_at: "2026-06-01T09:47:53.090621+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Alset Inc. to acquire 13.9% of DSS Inc. from CEO in stock-for-stock deal

## Summary
- Alset (AEI) will buy 982,303 DSS shares (13.9% of outstanding) from CEO Chan Heng Fai and Heng Fai Holdings.
- Consideration: 3,316,488 newly issued AEI shares; valuation based on May 3, 2024 closing prices.
- Chan Heng Fai is both CEO/Chairman of Alset and Chairman of DSS; he and son recused from board vote.
- Transaction requires stockholder approval and Nasdaq no-objection; closing not yet certain.
- Acquisition is a related-party transaction with potential governance concerns for minority shareholders.

## SEC filing metadata
- accession: 0001493152-24-020974
- form_type: 8-K
- ticker: AEI
- cik: 0001750106
- company_name: Alset Inc.
- filed_at: 2024-05-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750106/000149315224020974/0001493152-24-020974-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750106/000149315224020974/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-020974
- JSON: https://secwatch.observer/filing/0001493152-24-020974.json
- Plain text: https://secwatch.observer/filing/0001493152-24-020974.txt

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