Alset Inc. buys 6.5M HWH shares from unit for $4.1M; converts $3.8M HWH debt to equity at $0.63/share

Alset Inc.

Enters Stock Purchase Agreement with subsidiary Alset International to purchase 6,500,000 HWH shares for $4,095,000 in secured promissory note.
Promissory note bears 5% interest, matures Sept 26, 2026; secured by buyer's brokerage account assets.
Also converts $300k HWH debt into 476,190 shares and $3,501,759 debt into 5,558,347 shares, all at $0.63/share.
Transactions involve related parties: Chairman/CEO Chan Heng Fai serves as officer of Alset Inc., Alset International, and HWH.
Closing contingent on Alset International shareholder approval and other conditions.

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