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Alset Inc. (NASDAQ: AEI) is a diversified holding company based in Bethesda, MD, focused on accelerating sustainable healthy living. The company operates through its subsidiaries in various sectors including real estate, financial services, digital transformation technologies, biohealth activities, and consumer products. With operations spanning the United States, Singapore, Hong Kong, Australia, and South Korea, Alset Inc. is dedicated to developing EHome communities and other property initiatives that promote a healthy living ecosystem.
The company's core business is segmented into four primary areas: Real Estate, Digital Transformation Technology, Biohealth, and Other Business Activities. The majority of Alset Inc.'s revenue is derived from its Real Estate segment, which focuses on constructing sustainable and smart home communities. These properties are designed to integrate modern living with eco-friendly solutions.
In recent developments, Alset Inc. announced a significant public offering of its common stock, raising approximately $3.8 million. The proceeds from this offering are intended for general working capital, showcasing the company's commitment to maintaining robust financial health. Additionally, the company has signed a binding term sheet to acquire New Energy Asia Pacific Inc. (NEAPI), marking a strategic move toward expanding its footprint in the electric vehicle and renewable energy sector.
New Energy Asia Pacific Inc. specializes in distributing all-electric versions of special-purpose and transportation vehicles, charging stations, and batteries. This acquisition aligns with Alset Inc.'s mission to foster sustainable practices and contribute to global eco-friendly initiatives.
Alset Inc. is led by Chairman and CEO Mr. Chan Heng Fai, who has significantly invested in the company, demonstrating strong confidence in its future growth. The company's vision is to drive long-term exponential growth, build liquidity, and add value for its shareholders through innovative and sustainable living solutions.
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.
Alset EHome International Inc. (NASDAQ:AEI) announced the completion of key acquisitions aimed at enhancing its asset portfolio and growth potential. The transactions include acquiring warrants for 1.5 billion shares of Alset International, giving AEI a potential 76.75% ownership. Additionally, AEI acquired shares in LiquidValue Development and True Partners Capital, strengthening its presence in asset management and financial services. The total convertible notes issued for these acquisitions amount to approximately $67.1 million, pending shareholder approval for conversion.
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