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 Inc. (NASDAQ: AEI) announces that its indirect associate, American Medical REIT (AMRE), completed the acquisition of Ivy Brook Medical Center in Shelton, Connecticut. This 40,000 square foot facility is expected to establish a strong presence in the medical REIT market. AMRE is also pursuing additional acquisitions in Texas and Pennsylvania, targeting rental yields of 7-9% and quarterly dividends up to 8%. The management team, experienced in medical real estate, aims for substantial growth and potential global listings.
Alset EHome International Inc. (AEI) announced the seeding of its American Home REIT Inc. (AHR) with 20 single-family rental homes, all currently occupied. The company aims to expand AHR's portfolio to over 100 homes by year-end 2021.
AHR seeks high-yielding properties with a targeted capitalization rate of 5% and plans to pay a quarterly dividend yield of up to 8%. The CEO emphasized AHR's role in scaling operations and establishing a sustainable living ecosystem.
AHR also plans future dual listing on U.S. and Singapore stock exchanges.
Alset EHome International Inc. (NASDAQ:AEI) announced the appointment of Tung Moe Chan as co-CEO, effective July 1, 2021. Chan, who brings extensive experience from various leadership roles within the company and subsidiaries, aims to enhance operational continuity as the company pursues opportunities in Ehome development and related sectors. His background includes significant positions in companies listed on major stock exchanges and a strong educational foundation in business and engineering. The firm focuses on creating a global healthy living ecosystem while aiming for substantial growth and profitability.
Alset EHome Inc. (NASDAQ:AEI) has forged a strategic partnership with Tesla to supply solar panels, Powerwalls, and EV chargers for 20 new single-family homes in the Northpark Community, Texas. Alset aims to deliver a total of 100 Ehomes this year, with plans for 650 in a flagship development in Magnolia, TX. The company envisions a sustainable energy community featuring advanced technology and electric vehicles. CEO Charley MacKenzie highlights the goal of creating a model housing ecosystem that promotes sustainable choices.
Alset EHome International (NASDAQ:AEI) announced the full exercise of the underwriter's option in its recent public offering, resulting in the purchase of 808,363 common shares at $5.07 each. This offering will yield approximately $36 million in gross proceeds before expenses. Aegis Capital Corp. served as the sole book-running manager. The offering aligns with the Company's focus on property development, digital transformation, and biohealth sectors.
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Alset EHome International Inc. (NASDAQ:AEI) has successfully completed an underwritten public offering, raising approximately $32 million. The offering consisted of 4,700,637 common units priced at $5.07 each and 1,611,000 pre-funded units at $5.06. Each common unit includes a share of common stock and two types of warrants. Aegis Capital Corp. managed the offering. Funds raised will potentially support the company’s diverse operations in property development, digital transformation technology, and biohealth activities.
Aegis Capital Corp. has completed a $32 million underwritten public offering of units for Alset EHome International Inc. (NASDAQ:AEI). This offering aims to support Alset's ongoing efforts in land development, home building, and property management, focusing on providing affordable smart homes. By integrating advanced technologies, the company continues to pursue its vision of a Sustainable Healthy Living System, including plans for a REIT to generate long-term income.
Alset EHome International Inc. (NASDAQ: AEI) has announced the pricing of an underwritten public offering of 4,700,637 Common Units at $5.07 per unit, projected to raise approximately $32.0 million. Each unit comprises one share of common stock, one Series A warrant, and one Series B warrant. An additional 1,611,000 Pre-Funded Units are offered at $5.06 each, with gross proceeds potentially reaching $36.1 million if the overallotment option is exercised. The offering is set to close on May 13, 2021.
Alset EHome International Inc. (NASDAQ:AEI) announced a joint venture with Novum Alpha to create a digital assets-based Exchange-Traded Product (ETP) on the SIX Swiss Exchange by Q4 2021. SeD Capital Pte Ltd, Alset's subsidiary, will hold a 50% stake in the new venture, Credas Capital Pte Ltd, while Novum Alpha retains the other half. The venture aims to leverage Novum's expertise in algorithmic trading to offer investors exposure to liquid cryptocurrencies. Initial financing will be through a $150,000 shareholder loan, with 90% provided by SeD Capital.
Alset EHome International (NASDAQ:AEI) has announced that its subsidiary, GigWorld Inc., will acquire an 18% stake in Value Exchange International, Inc. (VEII). Value Exchange, a public holding company based in Hong Kong, specializes in mobile payment solutions across Asia, servicing large retailers like 7-Eleven and Japan Airlines. This investment aims to leverage Value Exchange's strong IT capabilities and expand Alset's global payment platform, with expectations for fresh capital and new market opportunities, according to both companies' executives.
