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An announcement from Alset EHome International ( (AEI) ) is now available.
On July 23, 2025, Alset EHome International completed the acquisition of New Energy Asia Pacific Inc. (NEAPI) by converting an $83 million promissory note into 27,666,667 shares of its common stock. This strategic move aligns with the company’s commitment to sustainability, as NEAPI owns a significant stake in New Energy, a distributor of electric vehicles and charging stations. New Energy is poised to expand its revenues and market presence, driven by strong demand and partnerships, particularly in Asia.
More about Alset EHome International
Alset EHome International operates in the sustainable energy sector, focusing on the distribution of all-electric special-purpose and transportation vehicles, charging stations, and batteries. The company is committed to advancing eco-friendly solutions and reducing carbon emissions, noise pollution, and fuel costs.
Average Trading Volume: 94,984
Technical Sentiment Signal: Buy
Current Market Cap: $14.55M
Learn more about AEI stock on TipRanks’ Stock Analysis page.