Welcome to our dedicated page for ALSET news (Ticker: AEI), a resource for investors and traders seeking the latest updates and insights on ALSET stock.
ALSET INC (AEI) delivers innovative solutions at the intersection of sustainable real estate, digital transformation, and biohealth advancements. This news hub provides investors and stakeholders with timely updates on corporate developments, strategic initiatives, and market positioning across the company's diversified portfolio.
Access official press releases, earnings reports, and operational updates related to AEI's EHome communities, digital innovation projects, and biohealth research. Our curated collection ensures you stay informed about partnership announcements, regulatory filings, and sustainability milestones driving the company's mission to redefine healthy living ecosystems.
Key focus areas include real estate expansion updates, technology integration progress, and biohealth product developments. Bookmark this page for direct access to primary source materials and analysis of how AEI's integrated business model responds to evolving market demands in multiple global regions.
Alset EHome International (NASDAQ:AEI) has announced plans to launch a cryptocurrency mining venture via its wholly-owned subsidiary, Alset Mining. This initiative aims to capitalize on the booming cryptocurrency mining market, projected to reach USD 5.29 billion by 2028, with a CAGR of 28.5%. Alset Mining will focus on acquiring mining rigs and sourcing renewable energy for operations, aligning with the company’s sustainability goals. The move is expected to create a consistent revenue stream as the cryptocurrency sector evolves.
Alset EHome International Inc. (NASDAQ:AEI) has appointed Anthony S. Chan as its new Chief Operating Officer. With over 32 years of experience in auditing and finance, Chan brings a wealth of expertise, having served as CFO for various public companies. His appointment is viewed positively by Chairman and CEO Heng Fai Chan, who believes Chan's background will enhance operational efficiency and strengthen compliance. This strategic move aims to bolster shareholder value through sustainable earnings growth.
Alset EHome International (NASDAQ:AEI) provided a year-end update for 2021, highlighting resilience amid pandemic challenges. The Company enters strategic partnerships, including one with Tesla for solar technology in sustainable housing. Key acquisitions include 6.3 acres for its Alset at Black Oak project and 19.5 acres for Alset Villas near Houston. The firm successfully raised approximately US$115 million in funding, enhancing its cash position. Future plans focus on expanding EHome communities and entering the green energy sector.
Value Exchange International, Inc. (OTCQB: VEII) has appointed Mr. Heng Fai Ambrose Chan to its Board of Directors as a non-executive director. Mr. Chan brings over 45 years of experience in financial restructuring and corporate transformation, having successfully restructured more than 35 companies across various sectors. Notably, five of these companies have a combined market capitalization exceeding USD 18 billion and generate over USD 1.4 billion in annual profits. This appointment is expected to enhance the company's leadership and strategic direction.
Alset EHome International (NASDAQ:AEI) announced the establishment of Alset Metaverse Inc., which aims to incubate and invest in metaverse-related projects. This new venture will collaborate with Hapi Cafe Inc. to create virtual reality spaces for users to socialize and play games. Furthermore, there are plans for a suite of Non-Fungible Tokens (NFTs) that could enhance the Group's ecosystem. The announcement emphasizes the growth potential in the metaverse and virtual reality, particularly as the industry continues to evolve.
Alset EHome International Inc. (NASDAQ:AEI) announced the full exercise of the underwriter's option to purchase an additional 7,500,000 shares of common stock at $0.60 per share, resulting in total gross proceeds of approximately $34.5 million. Aegis Capital Corp. acted as the sole book-running manager for the offering, which was conducted under an effective registration statement with the SEC. This offering reflects AEI's commitment to expanding its business in property development and digital transformation technologies.
Alset EHome International Inc. (NASDAQ:AEI) recently announced a public offering of common stock, raising $30 million through Aegis Capital Corp. as the sole bookrunner. The funds will support the company's vision of promoting sustainable living via EHome communities, property development, and health-focused services. Chairman and CEO Heng Fai Chan, with extensive corporate restructuring experience, aims to enhance liquidity and shareholder value. This capital infusion is expected to drive long-term growth in AEI's diversified business operations.
Alset EHome International Inc. (NASDAQ:AEI) has successfully completed an underwritten public offering, raising approximately $30 million through the sale of 18,923,334 shares of common stock at $0.60 per share, along with pre-funded warrants for 31,076,666 shares at $0.599 each. There is a 45-day option for underwriters to purchase additional shares, potentially increasing proceeds to $34.5 million. The offering was made under SEC regulations and is expected to enhance the company's financial resources for further development in various sectors.
Alset EHome International Inc. (NASDAQ:AEI) announced a $30 million underwritten public offering, which could rise to $34.5 million if the over-allotment option is fully exercised. The offering price is $0.60 per share for common stock and $0.599 for pre-funded warrants, exercisable at $0.001 per share. The offering is set to close on December 8, 2021, subject to customary conditions. Aegis Capital Corp. is the sole book-running manager. The securities are offered under an effective registration statement filed with the SEC.
Alset EHome International (NASDAQ:AEI) announced that its subsidiary, Alset International Limited, has seeded American Home REIT (AHR) with 30 occupied rental homes. AHR aims to develop a Class A portfolio of income-generating real estate in the US, targeting a 5% capitalization rate with a potential 6% annualized dividend yield. The properties are located in the Alset at Black Oak and Northpark Woods communities in Texas. The company plans to expand its portfolio by acquiring over 100 single-family homes by year-end and aims to develop 5,000 sustainable homes in the next three to five years.
