Chan Heng Fai Ambrose, CEO of Alset Inc. (NASDAQ :), recently acquired 50,000 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The company, currently valued at $8 million in market capitalization, is trading well below that Investment Fair value, with a price-to-book ratio of just 0.09x. The purchase, made on January 22, 2025, involved multiple trades executed at prices ranging from $0.82 to $0.86 per share, resulting in a total transaction value of $42,500. After this acquisition, Mr. Chan directly owns 5,938,438 shares of Alset Inc., with an additional 319,000 shares held indirectly through HFE Holdings Limited. Mr. Chan retains sole voting and investment power over these shares. The insider buying comes as the stock is down 26% over the past six months, even though the company maintains a strong balance sheet with more cash than debt. Want deeper insights into insider trading patterns and 14 additional protos? Discover more with Investment.
In other recent news, Alset Inc. made several strategic financial moves. The company has secured a $1.5 million direct offering, which should bolster its working capital and general corporate purposes. In addition, Alset expanded its investment in DSS, Inc., with the purchase of $800,000 worth of stock, strengthening its position as the largest shareholder in the company.
Recent developments also include Alset’s increased stake in HWH International Inc. to 88.8% through a share purchase agreement. The move marks a strategic intent to influence the direction and growth of HWH International.
Alset Inc. also completed the purchase of 6.5 million shares of HWH International Inc. from its subsidiary, Alset International Limited. This transaction included the issuance of a US$4.095 million secured promissory note bearing 5% interest per annum, maturing on September 26, 2026.
In terms of management, the shareholders of Alset Inc. they re-elected seven board members and ratified the appointment of Grassi & Co. as an independent auditor for the year ended December 31, 2024.
Despite a 39.9% decline in revenue last year, Alset maintains a strong liquidity position, with a current ratio of 16.94, indicating strong short-term financial stability. These are recent developments in the current operations of Alset Inc.
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