Alset Inc. (NASDAQ:AEI) Director Heng Fai Ambrose Chan Purchases 4,411,764 Shares

Alset Inc. (NASDAQ:AEI) Director Heng Fai Ambrose Chan acquired 4,411,764 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were acquired at an average price of $0.68 per share, with a total value of $2,999,999.52. Following the acquisition, the director now owns 11,387,954 shares in the company, valued at approximately $7,743,808.72. The trade was a 63.24 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Heng Fai Ambrose Chan also recently made the following trade(s):

• On Tuesday, September 24th, Heng Fai Ambrose Chan bought 6,034,537 shares of Alset stock. The shares were acquired at an average cost of $0.63 per share, for a total transaction of $3,801,758.31.

Alset Stock Performance

Shares of AEI stock opened at $1.21 on Friday. Alset Inc. has a fifty-two week low of $0.46 and a fifty-two week high of $2.05. The firm has a market capitalization of $11.17 million, a price-to-earnings ratio of -0.28 and a beta of 1.26. The stock’s 50-day simple moving average is $1.40 and its 200-day simple moving average is $1.20.

Alset Company Profile

Alset Inc engages in the real estate development, financial services, digital transformation technologies, biohealth activities, and consumer products businesses in the United States, Singapore, Hong Kong, Australia, and South Korea. It operates through four segments: Real Estate, Digital Transformation Technology, Biohealth, and Other Business Activities segments.