Welcome to our dedicated page for ALSET news (Ticker: AEI), a resource for investors and traders seeking the latest updates and insights on ALSET stock.
Alset Inc. (NASDAQ: AEI) generates news across several sectors, reflecting its role as a diversified holding company focused on EHome communities, real estate, sustainable living, electric mobility, robotics and related activities. Company announcements highlight developments in smart and sustainable home communities and other property development, as well as updates from financial services, digital transformation technologies, biohealth activities and consumer products.
Recent news has emphasized Alset’s expansion into electric mobility through its interest in New Energy Asia Pacific Company Limited. New Energy focuses on distributing all-electric special-purpose and transportation vehicles, charging stations and batteries, and has reported sales of electric taxis and private passenger vehicles in Hong Kong. News items have also described initiatives such as the “HaoDi” collaboration to accelerate the electrification of Hong Kong’s taxi sector and the “We Care” program to provide transportation solutions for people with disabilities and the elderly.
Alset’s news flow also covers its engagement with the robotics sector through Alset Robot Inc., which is majority owned by the company and certain subsidiaries. Updates in this area describe plans to offer service robots for commercial environments, humanoid robots for domestic use and companion robots for the consumer market, along with partnerships with robotics manufacturers and related service and support operations.
In addition, investors can find coverage of Alset’s capital markets activity, including underwritten public offerings, registered direct offerings and stock repurchase programs authorized by its Board of Directors. These announcements provide context on how the company raises capital, manages its share count and allocates resources in support of its stated mission to build a healthy living ecosystem and advance sustainable and eco-friendly solutions.
Alset EHome International Inc. (NASDAQ:AEI) announced a public offering of 6,434,139 shares of common stock priced at $2.12 per share, aiming to raise approximately $32 million. Additionally, the company offered pre-funded warrants for 8,660,200 shares at $2.11 each, with an exercise price of $0.01 per share. If the underwriters exercise their option for over-allotments, gross proceeds could reach $36.8 million. Closing is expected on July 30, 2021.
Alset EHome International (NASDAQ: AEI) has entered into a Sales of Goods Agreement with Puradigm LLC to integrate innovative air and surface purification technology into its eco-friendly EHomes communities. Puradigm's patented technology effectively neutralizes pathogens, including SARS-CoV-2, ensuring healthier living environments. The results from studies indicate significant efficacy in pathogen reduction, with over 97% inactivation of SARS-CoV-2 within four hours. The company is targeting to deliver 100 Ehomes in Houston by 2021.
Alset EHome International Inc. (NASDAQ: AEI) announces that its indirect associate, American Medical REIT (AMRE), completed the acquisition of Ivy Brook Medical Center in Shelton, Connecticut. This 40,000 square foot facility is expected to establish a strong presence in the medical REIT market. AMRE is also pursuing additional acquisitions in Texas and Pennsylvania, targeting rental yields of 7-9% and quarterly dividends up to 8%. The management team, experienced in medical real estate, aims for substantial growth and potential global listings.
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.