ALSET EHOME INTERNATIONAL INC. : Completion of Acquisition or Disposal of Assets, Unrecorded Sale of Equity Securities, Financial Statements and Supporting Documents (Form 8-K)


Item 2.01 Completion of Acquisition or Disposal of Assets.

On June 6, 2022, Alset EHome International Inc. (the “Company”) held a special meeting of shareholders (the “Special Meeting”). At the special meeting, shareholders approved, pursuant to NASDAQ listing rule 5635(a), the issuance of 35,319,290 newly issued common shares of the company in connection with the purchase of 293,428 200 ordinary shares of Alset International Limited from Chan Heng FaiCEO and main shareholder of the company.

The transaction was completed on July 18, 2022. Mr Chan acquired 35,319,290 common shares of the Company under a securities purchase agreement entered into with the Company on January 17, 2022as amended on February 28, 2022 (the “Amendment to the Securities Purchase Agreement”), in which the Company agreed to purchase from Mr Chan 293,428,200 ordinary shares of Alset International Limited for a purchase price of 35,319,290 newly issued ordinary shares of the Company. The purchase price for these newly issued shares was based on the market price of the Company’s common stock at the time the Company’s Board of Directors approved the transaction.

The foregoing description of the terms and conditions of the Amendment to the Securities Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment to the Securities Purchase Agreement, a copy of which is attached as an attached exhibit.

Item 3.02 Unrecorded Sales of Equity securities.

The information included in Item 2.01 of this current report on Form 8-K regarding the sale of securities by the Company to Mr Chan is incorporated by reference into this Section 3.02. In issuing these securities, the Company relied on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, for transactions not involving no public offering.

Item 9.01 Financial statements and supporting documents.

(d) Exhibits:

Number     Description
10.1         Amendment to the Securities Purchase Agreement, between Alset EHome
           International Inc. and Chan Heng Fai, dated February 28, 2022
           (Incorporated by Reference to Exhibit 10.2 of the Company's Form 8-K
           filed on March 1, 2022).
104        Cover Page Interactive Data File (embedded within the Inline XBRL

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