secwatch.observer — SEC 8-K summary
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Issuer:     Alset Inc. (AEI)
CIK:        0001750106
Form:       8-K
Filed at:   2024-11-22T23:59:59+00:00
Accession:  0001493152-24-047446
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750106/000149315224047446/0001493152-24-047446-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750106/000149315224047446/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-047446

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