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Chan Heng Fai Ambrose, Chief Executive Officer of Alset Inc. (NASDAQ:AEI), has recently expanded his holdings in the company. According to a recent SEC filing, Mr. Chan purchased 50,000 shares of Alset Inc.’s common stock on February 13, 2025. These shares were acquired at a weighted average price of $1.23 per share, with the total transaction valued at approximately $61,500. According to InvestingPro data, this insider purchase comes as the stock trades at a notably low Price/Book ratio of 0.14, with analysis suggesting the stock may be undervalued.
The purchase was executed through multiple trades, with prices ranging from $1.16 to $1.29 per share. Following this acquisition, Mr. Chan directly owns 6,399,742 shares of Alset Inc. Additionally, he indirectly owns 319,000 shares through HFE Holdings Limited, bringing his total beneficial ownership to 6,718,742 shares. The stock has shown strong momentum, with InvestingPro reporting a 9.28% return over the past week.
Alset Inc., a company in the real estate sector, is headquartered in Bethesda, Maryland. With a market capitalization of $11.38 million and a strong current ratio of 16.94, the company maintains solid liquidity. This recent stock acquisition by Mr. Chan may be of interest to investors monitoring insider activities at the company. Discover more key metrics and 12 additional ProTips by visiting InvestingPro.
In other recent news, Alset Inc. has been active in strategic investment and corporate governance. The company secured approximately $1.5 million in a registered direct offering, selling common stock and pre-funded warrants to institutional investors. Alset Inc.’s investment portfolio has also grown, with the company expanding its stake in DSS through an $800K stock purchase and increasing its majority stake in HWH International Inc. to 88.8%.
In addition to these investments, Alset Inc. completed a strategic stock purchase from its subsidiary, Alset International Limited. The company acquired 6.5 million shares of HWH International Inc., issuing a secured promissory note valued at $4.095 million in return.
In terms of corporate governance, Alset Inc. has elected board members and ratified its independent registered public accounting firm, Grassi & Co., CPAs, P.C., for the upcoming fiscal year. These developments highlight the company’s recent activities, demonstrating its ongoing commitment to strategic investment and sound corporate governance.
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