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Investing.com -- Alset Inc. (NASDAQ:AEI) stock gained 3.5% after the diversified holding company announced a new stock repurchase program of up to $1 million of its outstanding common stock.
The repurchase program, authorized by the company’s Board of Directors, will run through December 31, 2025, or until the full amount has been utilized. Alset has authorized its broker to implement the program with discretion over repurchase decisions within agreed pricing and size parameters.
The company noted that the program may be suspended or discontinued at any time. Repurchases will be made on the open market in accordance with applicable rules and regulations, with timing and volume dependent on various factors including price and market conditions.
As of June 23, 2025, Alset had 11,735,119 shares of common stock issued and outstanding.
Chan Heng Fai, Alset’s Chairman and Chief Executive Officer, stated that the company believes its current market price does not fully reflect its intrinsic value. The repurchase program demonstrates confidence in the company’s long-term prospects and commitment to creating shareholder value.
Alset Inc. is principally engaged through its subsidiaries in smart and sustainable home communities development, financial services, digital transformation technologies, biohealth activities, and consumer products.
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