---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-047446"
form_type: "8-K"
ticker: "AEI"
cik: "0001750106"
company_name: "Alset Inc."
filed_at: "2024-11-22T23:59:59+00:00"
generated_at: "2026-05-29T19:51:03.387745+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-047446
- form_type: 8-K
- ticker: AEI
- cik: 0001750106
- company_name: Alset Inc.
- filed_at: 2024-11-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750106/000149315224047446/0001493152-24-047446-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750106/000149315224047446/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-047446
- JSON: https://secwatch.observer/filing/0001493152-24-047446.json
- Plain text: https://secwatch.observer/filing/0001493152-24-047446.txt

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