Alset Inc. (NASDAQ:AEI) Director Buys $585,000.00 in Stock

Alset Inc. (NASDAQ:AEI) Director Heng Fai Ambrose Chan bought 1,300,000 shares of Alset stock in a transaction dated Tuesday, December 24th. The stock was acquired at an average cost of $0.45 per share, for a total transaction of $585,000.00. Following the purchase, the director now directly owns 12,687,954 shares in the company, valued at approximately $5,709,579.30. The trade was a 11.42 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, December 10th, Heng Fai Ambrose Chan acquired 205,149 shares of Alset stock. The stock was acquired at an average price of $0.97 per share, for a total transaction of $198,994.53.
• On Monday, November 25th, Heng Fai Ambrose Chan bought 4,411,764 shares of Alset stock. The shares were acquired at an average cost of $0.68 per share, with a total value of $2,999,999.52.

Alset Stock Down 8.2 %

NASDAQ:AEI opened at $0.84 on Friday. Alset Inc. has a 12-month low of $0.46 and a 12-month high of $2.05. The stock’s fifty day simple moving average is $1.25 and its 200-day simple moving average is $1.24. The firm has a market capitalization of $7.76 million, a P/E ratio of -0.19 and a beta of 1.24.

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.