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.

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