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Thursday, March 31, 2022 12:18:30 AM
I assume everyone know what a spin-off IPO is. For those that new to the game, a spin-off IPO is a separate listing of part of an existing listed company’s assets or businesses. So, what do we have here.? We have a successfully $86,250,000 cash IPO added to Alset book.
Chan Heng Fai, gave a statement. “Our plan is to develop over 5,000 intelligently designed Ehomes in the next 3–5 years. The problem House located at kingwood value no less than $500k most likely million dollar home and higher. So how he manage to raised the capital for this project without damage jeopardizes stockholder? Think about it for a moment. How about dilute $86,250,000 toxic note conversion? What about high interest borrow a loan shark or conventional loan?
No he did not choose that road. Somehow he manage to spin-off 7,500,000 units company's shares of Class A common stock at $10.00 per unit. Does this move will damages ALSET common stakeholder? No I don't think so because its a spin-off. Once the securities comprising the units begin separate trading, the shares of Class A common stock, warrants and rights are expected to be listed on Nasdaq under the symbols... for now "ACAXU". Think about it, if Chan he did it once he can do it again. I expected soon the same concepts he will Spin-off IPO DSS - AMRE - REIT and...The next question we need to ask, why SPAC IPO company's shares of Class A common stock? Because the shocking truth about the company that the real value not hide in current company business, its in the name CHAN HENG FAI’S proven-trusted TRACK RECORD.
There you have it! I gave all out... Now it's people choices to ride a fast lane violent crash or a safe lane to financially freedom;...?
https://finance.yahoo.com/news/alset-capital-acquisition-corp-announces-210500223.html
https://www.alsetehomeintl.com/chairman
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