Welcome to our dedicated page for Alset SEC filings (Ticker: AEI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Alset Inc. filings document regulatory disclosures for a diversified holding company with subsidiaries and investments across real estate, financial services, digital transformation technology, biohealth, consumer products and clean-energy transportation. Form 8-K reports cover material agreements, asset acquisitions and dispositions, subsidiary investment matters, stock repurchase programs, auditor changes, and capital-structure events.
Proxy materials describe annual meeting and shareholder voting matters, while capital-structure disclosures address common-stock issuances, convertible-note terms and conversions, financing arrangements, governance approvals, risk language, and ownership or security-structure matters tied to Alset's public-company status.
Alset Inc. (AEI) filed its definitive proxy for a virtual 2025 annual meeting on December 4, 2025 at 9:00 a.m. EST. Stockholders will vote to elect seven directors to one‑year terms and to ratify HTL International, LLC as independent auditor for the year ending December 31, 2025.
The record date is October 6, 2025, with 39,078,498 shares of common stock entitled to vote; a 35% presence constitutes a quorum. Directors are elected by plurality; the auditor ratification requires a majority of votes cast. The board recommends voting FOR all nominees and FOR auditor ratification.
As context, shares outstanding were 38,999,001 as of October 22, 2025, and Chairman/CEO Chan Heng Fai beneficially owned 35,198,409 shares, or 90.3%. The company changed auditors in July 2025, dismissing Grassi & Co.; its reports for 2023–2024 had no adverse opinions and the company reports no disagreements or reportable events. Audit fees were $274,343 in 2024 and $330,341 in 2023.
Alset Inc. updated its stock buyback plans. The Board approved an amendment to the existing repurchase program after the company had already bought back 284,462 common shares for approximately $392,000, including fees. The amendment authorizes Alset to repurchase up to an additional $1,000,000 of its common stock, subject to market conditions, contractual restrictions and other factors.
Repurchases may continue until the additional $1,000,000 is used or until December 31, 2025. A broker has been authorized to execute the program with full discretion within agreed pricing and size limits, and the program can be suspended or discontinued at any time. Alset had 39,117,324 common shares outstanding as of September 29, 2025.
Alset Inc. reporting persons Heng Fai Ambrose Chan and HFE Holdings Limited disclosed concentrated ownership of the company’s common stock. Mr. Chan reports beneficial ownership of 35,198,409 shares, representing 90.0% of the outstanding class, while HFE Holdings Limited holds 3,875,506 shares or 9.9%. The filing states Mr. Chan converted an $83,000,000 convertible note into 27,666,667 restricted shares on July 23, 2025. Recent transactions include Mr. Chan acquiring 33,000 shares on August 18, 2025 at a weighted average price of $1.2887 and selling 500,000 shares on September 12, 2025 at a weighted average price of $2.672. The filing states holdings are for investment purposes and no current plans to pursue actions described in Item 4.
Chan Heng Fai Ambrose, who serves as a Director, Chief Executive Officer and a 10% owner of Alset Inc. (AEI), reported the sale of 500,000 shares of the issuer's common stock on 09/12/2025. The weighted average sale price was $2.672 per share, with individual trades executing between $2.25 and $3.59. Following the reported transaction, the filing shows 31,322,903 shares held directly by Mr. Chan and an additional 3,875,506 shares indirectly owned through HFE Holdings Limited, for a total beneficial ownership of 35,198,409 shares. The Form 4 is signed and dated 09/16/2025.
Chan Heng Fai Ambrose, CEO, Director and 10% owner of Alset Inc. (AEI), purchased 33,000 shares of Alset common stock on 08/18/2025 at a weighted average price of $1.2887 per share. The filing states the trades executed at prices ranging from $1.19 to $1.42 and that Mr. Chan will provide detailed trade-by-trade information on request.
Following this acquisition, Mr. Chan directly holds 31,822,903 shares and indirectly owns 3,875,506 shares through HFE Holdings Limited, for a total beneficial ownership of 35,698,409 shares. The filing confirms he has sole voting and investment power over the shares held by HFE Holdings.
On 23 Jul 2025, Alset Inc. (AEI) Chief Executive Officer, Director and >10% owner Chan Heng Fai converted the entire $83 million principal of a previously issued convertible promissory note into 27,666,667 new common shares at $3.00 per share. The transaction removes the debt from Alset’s balance sheet and raises Mr. Chan’s direct holding to 31,789,903 shares. Including 3,875,506 shares held via HFE Holdings Ltd., his total beneficial ownership reaches 35,665,409 shares.
The Form 4 lists the note receipt (code J) and its same-day conversion (code C), leaving no derivative securities outstanding. While the debt-for-equity swap strengthens the company’s leverage profile and signals insider commitment, it increases the outstanding share count, creating dilution for existing shareholders and further concentrating control in the CEO.
- Shares issued: 27.67 m
- Conversion price: $3.00
- Total insider stake: 35.67 m shares
- Debt retired: $83 m