Alset EHome Shifts Hapi Metaverse Stake to Subsidiary

An update from Alset EHome International ( (AEI) ) is now available.

On February 5, 2026, Alset Inc. entered into a binding term sheet and subsequently a stock purchase agreement to sell 505,341,376 shares of Hapi Metaverse Inc., representing 99.55% of Hapi Metaverse’s outstanding capital, to its majority-owned subsidiary HWH International Inc. for $19,910,603, to be paid via a convertible promissory note bearing 1% simple annual interest. The note, which can be converted at Alset’s option at $1.85 per share within five years and will automatically convert at maturity, effectively shifts ownership of Hapi Metaverse within the Alset group and may consolidate this asset under HWH International, with closing contingent on approval by holders of a majority of HWH’s common stock; given Alset and its affiliates already hold that majority, and with conflicted directors recusing themselves from deliberations, the transaction underscores Alset’s use of related-party structures to manage its portfolio while maintaining economic exposure through convertible equity.

More about Alset EHome International

Alset Inc. operates as a diversified holding company with interests that include technology-related ventures such as Hapi Metaverse Inc., and it conducts certain transactions through majority-owned subsidiaries like HWH International Inc., reflecting a structure in which related-party dealings and intra-group asset reallocations play a role in its capital and ownership strategy.

Average Trading Volume: 37,614

Technical Sentiment Signal: Hold

Current Market Cap: $94.93M

Learn more about AEI stock on TipRanks’ Stock Analysis page.