Alset Inc (AEI)

[TruckingAngler]

AEI back-to-back good news$$$. Big things cooking:
"Alset EHome International Inc.'s American Pacific Bancorp Subsidiary Receives USD $40 Million Investment from Document Security Systems, Inc.
7:00 am ET September 9, 2021. AEI a diversified holding company principally engaged through its subsidiaries in the development of EHome communities and other property development, financial services, digital transformation technologies, biohealth activities and consumer products, is pleased to announce that its subsidiary American Pacific Bancorp, Inc. ("APB") has completed a subscription agreement with Document Security Systems, Inc. (NYSE: DSS)("DSS"). Pursuant to the subscription agreement, APB will issue 6,666,700 shares of its common stock at an appraised value of $6.00 per share for an aggregate purchase price of approximately $40 Million.

"APB has assembled a strong pipeline of diversified loans from home mortgages, licensed medical real estate financing, district bonds, SME loans, convertible loans and profit participation loans," stated Frank D. Heuszel, CEO of DSS. "This investment represents a strong validation of APB's business model, and this fresh injection of funds should significantly improve APB's ability to execute its plans on an expedited basis."

As a result of this investment, DSS has acquired over 50% of APB's outstanding shares of common stock, making DSS the majority-owner of APB. AEI continues to be a significant shareholder of APB. As APB acquires equity positions in commercial banks in the United States, it intends to inject digital banking capabilities into the banks to provide global banking services to global clients and increase efficiency."

GLTA
..
..