tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Alset EHome Completes Acquisition of NEAPI

Story Highlights
  • Alset EHome International acquired NEAPI by converting a promissory note into shares.
  • The acquisition supports Alset’s sustainability goals and expands New Energy’s market presence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Alset EHome Completes Acquisition of NEAPI

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1