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Alset EHome International ( (AEI) ) just unveiled an announcement.
On May 22, 2025, Alset EHome International entered into a Stock Purchase Agreement to acquire all outstanding shares of New Energy Asia Pacific Inc. (NEAPI) from Chan Heng Fai for $83 million, using a convertible promissory note. This strategic acquisition aligns with Alset’s commitment to sustainable energy solutions and is expected to enhance its market position in the electric vehicle and renewable energy sectors. The transaction has been approved by the company’s Board of Directors and Audit Committee, with certain members recusing themselves due to conflicts of interest.
More about Alset EHome International
Alset EHome International operates in the sustainable energy sector, focusing on distributing all-electric special-purpose and transportation vehicles, charging stations, and batteries. The company is committed to advancing eco-friendly solutions for the future.
Average Trading Volume: 40,965
Technical Sentiment Signal: Sell
Current Market Cap: $11.12M
Find detailed analytics on AEI stock on TipRanks’ Stock Analysis page.