---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-010346"
form_type: "8-K"
ticker: "AEI"
cik: "0001750106"
company_name: "Alset Inc."
filed_at: "2025-05-14T23:59:59+00:00"
generated_at: "2026-05-21T09:17:11.066213+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alset amends acquisition of New Energy Asia Pacific to $83M via convertible note

## Summary
- Amended term sheet reduces purchase price from $103.75M to $83M for all shares of NEAPI.
- Consideration is a convertible promissory note at 1% interest, 5-year term, conversion at $3.00/share.
- Target owns 41.5% of New Energy Asia Pacific Ltd, an electric-vehicle distributor.
- Transaction requires shareholder approval, regulatory clearances, and a fairness opinion from Valuescope.
- Seller Chan Heng Fai (Chairman/CEO) and his son recused from board vote; Audit Committee approved.

## SEC filing metadata
- accession: 0001641172-25-010346
- form_type: 8-K
- ticker: AEI
- cik: 0001750106
- company_name: Alset Inc.
- filed_at: 2025-05-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750106/000164117225010346/0001641172-25-010346-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750106/000164117225010346/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-010346
- JSON: https://secwatch.observer/filing/0001641172-25-010346.json
- Plain text: https://secwatch.observer/filing/0001641172-25-010346.txt

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