Alset closes purchase of 6.5M HWH International shares from subsidiary for $4.095M note

Alset Inc.

Purchased 6,500,000 shares of HWH International Inc. for a $4,095,000 secured promissory note.
Promissory note bears 5% interest, matures September 26, 2026.
Transaction closed on November 20, 2024 after Alset International stockholder approval on Nov 18.
Alset owns 85.7% of Alset International; shared officers/directors including CEO Chan Heng Fai.
Board determined transaction is in best interests of the company.

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