Insider Buying: Alset Inc. (NASDAQ:AEI) Director Acquires 1,300,000 Shares of Stock

Alset Inc. (NASDAQ:AEI) Director Heng Fai Ambrose Chan purchased 1,300,000 shares of Alset stock in a transaction dated Tuesday, December 24th. The shares were purchased at an average cost of $0.45 per share, for a total transaction of $585,000.00. Following the completion of the transaction, the director now owns 12,687,954 shares of the company’s stock, valued at approximately $5,709,579.30. This represents a 11.42 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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 shares were acquired at an average cost 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 stock was acquired at an average cost of $0.68 per share, with a total value of $2,999,999.52.

Alset Price Performance

NASDAQ AEI opened at $0.84 on Friday. Alset Inc. has a one year low of $0.46 and a one year high of $2.05. The firm has a market cap of $7.76 million, a P/E ratio of -0.19 and a beta of 1.24. The stock’s 50-day moving average is $1.25 and its 200-day moving average is $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.