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 joint venture with Novum Alpha to create a digital assets-based Exchange-Traded Product (ETP) on the SIX Swiss Exchange by Q4 2021. SeD Capital Pte Ltd, Alset's subsidiary, will hold a 50% stake in the new venture, Credas Capital Pte Ltd, while Novum Alpha retains the other half. The venture aims to leverage Novum's expertise in algorithmic trading to offer investors exposure to liquid cryptocurrencies. Initial financing will be through a $150,000 shareholder loan, with 90% provided by SeD Capital.
Alset EHome International (NASDAQ:AEI) has announced that its subsidiary, GigWorld Inc., will acquire an 18% stake in Value Exchange International, Inc. (VEII). Value Exchange, a public holding company based in Hong Kong, specializes in mobile payment solutions across Asia, servicing large retailers like 7-Eleven and Japan Airlines. This investment aims to leverage Value Exchange's strong IT capabilities and expand Alset's global payment platform, with expectations for fresh capital and new market opportunities, according to both companies' executives.
Alset EHome International Inc. (NASDAQ:AEI) announced the completion of key acquisitions aimed at enhancing its asset portfolio and growth potential. The transactions include acquiring warrants for 1.5 billion shares of Alset International, giving AEI a potential 76.75% ownership. Additionally, AEI acquired shares in LiquidValue Development and True Partners Capital, strengthening its presence in asset management and financial services. The total convertible notes issued for these acquisitions amount to approximately $67.1 million, pending shareholder approval for conversion.
Alset EHome International Inc. (NASDAQ:AEI) announced a significant financial turnaround for FY2020, reporting a net profit of US$45.0 million, a recovery from a loss of US$10.2 million the previous year. This was largely driven by US$50.5 million from the sale of its biomedical unit. However, total revenue fell 24% year-on-year to US$17.6 million due to declining sales from the Ballenger Run project and no revenue from the Lakes at Black Oak project. The company also reported a cash increase from US$2.9 million to US$16.9 million as of December 31, 2020.