HWH converts ~$3.8M debt into 6.03M shares, diluting existing holders by 37.2%

HWH International Inc.

Alset Inc. converts $300,000 debt into 476,190 shares; Alset International converts $3,501,759 into 5,558,347 shares.
Total new shares of 6,034,537 increase outstanding count by 37.2% vs. prior total.
Conversion price fixed at $0.63 per share; shares are restricted and unregistered under the Securities Act.
Chairman Chan Heng Fai is CEO/majority holder of both Alset entities, marking related-party transactions.
Debt conversion reduces liabilities but heavily dilutes existing public shareholders.

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