HWH International Inc. (HWH): M&A transaction — HWH International sells 70% stake in Singapore café subsidiary for ~$171k

HWH International Inc.

Sale of 70% of Alset F&B One to Alset International for S$218,941 (~$170,754); subsidiary operates a cafe in Singapore.
Buyer is a significant stockholder with overlapping directors (Chairman, two Board members); related-party transaction.
Alset F&B One generated ~$470k revenue in 2024; HWH retains 20% post-sale.
Pro forma shows revenue decline of ~$470k in 2024 and ~$226k in 1H2025; net loss increases.
Transaction closed on September 10, 2025.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

HWH International Inc. completed a disposition involving Alset International Limited for S$218,941.26 Singapore Dollars (equal to approximately $170,754 U.S. Dollars) (closed 2025-09-10).

Action: disposition
Counterparty: Alset International Limited
Consideration: S$218,941.26 Singapore Dollars (equal to approximately $170,754 U.S. Dollars)
Closing: 2025-09-10

Exact text from the filing

(“Buyer”), pursuant to which the Seller agreed to sell 70% of the outstanding shares of its subsidiary, Alset F&B One Pte. Ltd. (“Alset F&B One”) to the Buyer in exchange for S$218,941.26 Singapore Dollars (equal to approximately $170,754 U.S. Dollars). Alset F&B One was incorporated in Singapore on April 10, 2017, and operates a cafe in Singapore. It generated

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Source: SEC EDGAR

accession 0001493152-25-013724

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