Business
Alset EHome International Completes Previously Announced Investments in Alset International, LiquidValue Development, True Partners Capital, and American Pacific Bancorp
BETHESDA, MD / ACCESSWIRE / March 15, 2021 / Alset EHome International Inc. (NASDAQ:AEI) (the "Company"), a diversified holding company principally engaged
About this update from Alset Inc.
[{"type":"text","content":"BETHESDA, MD / ACCESSWIRE / March 15, 2021 / Alset EHome International Inc. (NASDAQ:AEI) (the \"Company\"), a diversified holding company principally engaged through its subsidiaries in EHome development and digital transformation technology, today announced that it has closed on its previously announced transactions, acquiring warrants to purchase shares in Alset International Limited (\"Alset International\"), and acquiring shares of LiquidValue Development Pte Ltd (\"LVD\"), True Partners Capital Holding Limited (HKG: 8657) (\"True Partners\"), and American Pacific Bancorp Inc. (\"APB\").\"Through these transactions, Alset EHome International has acquired assets that provide a strong foundation for future growth and contribute to building an ecosystem for a sustainable healthy living system,\" stated Chan Heng Fai, the Company's Executive Chairman.Alset International LimitedIncorporated in September 2009 and listed on the Singapore Exchange in July 2010, Alset International operates as a global enterprise involved in (i) property development and investments, primarily in the U.S. and Western Australia; (ii) development, research, testing, manufacturing, licensing and distribution of biomedical products; (iii) asset management with a primary focus medical and residential real estate in the US; (iv) direct sales of a growing variety of health and wellness products; and (v) information technology businesses, including blockchain technology. The Company has acquired warrants to purchase 1,500,000,000 shares of Alset International with an exercise price of SGD $0.048 per share. The Company currently owns 57.1% of Alset International. If the Company exercises all of the Alset International warrants acquired in this transaction, the Company's ownership of Alset International will increase to 76.75%.LiquidValue Development Pte LtdLVD operates in the asset management field and will be leveraged by the Company to establish an actively managed open-ended exchange-traded fund (\"ETF\") in the US focused on disruptive investment opportunities with long-term exponential growth potential. The Company has acquired all of the issued and outstanding stock of LVD.True Partners Capital Holding LimitedTrue Partners operates as a fund management company in the U.S. and Hong Kong. True Partners manages funds and provides managed accounts on a discr...