Alset Inc (AEI)

[powerbattles]

Major owner of Alset EHome International Inc. just picked up 17,570,948 shares
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Heng Fai Chan, a major owner of Alset EHome International Inc. and a director of the company, recently acquired 17,570,948 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on July 07, 2022. Chan now owns 60,033,659 shares of the company. Chan operates out of Singapore, U0. Some additional info was provided as follows:

On July 7, 2022, Alset EHome International Inc. ("AEI") was issued 17,570,948 shares of common stock pursuant to a Stock Purchase Agreement ("SPA") between the Issuer and AEI dated February 28, 2022. Pursuant to the SPA, AEI agreed to sell a subsidiary holding 44,808,908 shares of stock of True Partner Capital Holding Limited, together with an additional 17,314,000 shares of True Partner Capital Holding Limited (for a total of 62,122,908 shares) in exchange for the 17,570,948 shares of the Issuer's common stock.
The beneficial ownership of Heng Fai Chan includes 60,033,659 shares of common stock, consisting of (a) 1,614,552 shares of common stock held by Heng Fai Holdings Limited, an entity controlled by Heng Fai Chan; (b) 16,973,020 shares of common stock held by Heng Fai Chan directly; (c) 6,232,671 shares of common stock held by Global Biomedical Pte. Ltd.; and (d) 35,213,416 shares of common stock held by Alset EHome International Inc. Mr. Chan, as indirect beneficial owner, has dispositive control over the securities of the Issuer owned by Alset EHome International Inc. and Global Biomedical Pte. Ltd. Global Biomedical Pte. Ltd. is a subsidiary of an entity which is majority-owned by Alset EHome International Inc.
The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Completion of Acquisition or Disposition of - July 8, 2022
Departure of Directors or Certain - June 28, 2022

https://www.conferencecalltranscripts.com/summary/?id=11069355