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Chan Heng Fai Ambrose, the Chief Executive Officer of Alset Inc. (NASDAQ:AEI), recently acquired a significant amount of the company’s common stock. According to a filing with the Securities and Exchange Commission, Ambrose purchased a total of 291,060 shares over a two-day period. The transactions took place on February 6 and February 7, 2025, with shares bought at a weighted average price of $0.99 and $1.03, respectively. The stock, currently trading at $0.95, has shown strong momentum with a 15.57% gain over the past week. InvestingPro analysis indicates the stock is currently trading below its Fair Value.
The total value of these acquisitions amounts to approximately $294,149. Following these transactions, Ambrose now directly owns 6,329,498 shares of Alset Inc., with an additional 319,000 shares held indirectly through HFE Holdings Limited. This increases his beneficial ownership to 6,648,498 shares, highlighting his continued confidence in the company’s prospects. The micro-cap company, valued at $10.31 million, maintains strong liquidity with a current ratio of 16.94 and trades at just 0.12 times book value. For comprehensive insider trading analysis and additional insights, check out InvestingPro, which offers 14 additional investment tips for AEI.
In other recent news, Alset Inc. has been actively involved in a series of financial maneuvers. The company secured approximately $1.5 million in a registered direct offering, with the proceeds earmarked for general corporate purposes and working capital. The offering, managed by Aegis Capital Corp., comprised of common stock and pre-funded warrants.
Alset Inc. has also expanded its investment in DSS, Inc., acquiring 820,597 newly issued shares at a total cost of $800,000. This transaction solidifies Alset’s position as the largest shareholder in DSS, a strategic alignment underscored by shared leadership.
In addition, Alset Inc. recently held its 2024 Annual Meeting of Stockholders, where seven board members were re-elected and Grassi & Co., CPAs, P.C. were ratified as the company’s independent auditor for the upcoming fiscal year.
Further, Alset Inc. boosted its stake in HWH International Inc. to 88.8% by acquiring an additional 4,411,764 shares of HWH’s common stock. This development strengthens Alset’s influence over the company’s direction and growth.
Lastly, Alset Inc. completed a strategic stock purchase from its subsidiary, Alset International Limited, acquiring 6.5 million shares of HWH International Inc. The transaction involved issuing a secured promissory note valued at $4.095 million to Alset International Limited. These recent developments highlight Alset Inc.’s active financial strategies and investments.
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