Brief: Alset International Announces Proposed Disposal Of HWH International Inc
12/09/2022 13:34
Sept 12 (Reuters) - Alset International Ltd ALSE.SI :
* ON 9 SEPT, THROUGH UNIT, ENTERED MERGER AGREEMENT WITH
ALSET
CAPITAL ACQUISITION CORP & HWH MERGER SUB, INC
* AGREEMENT IN RELATION TO PROPOSED DISPOSAL OF HWH
INTERNATIONAL
INC
* CONSIDERATION OF US$125 MILLION
* SEES A GAIN ON DISPOSAL OF ABOUT S$54.5 MILLION
* CONSIDERATION TO BE SATISFIED BY ALLOTMENT & ISSUANCE OF
12.5
MLN COMMON SHARES OF ACAC TO CO
Source text for Eikon: ID:nSN9B9klm
Further company coverage: ALSE.SI
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Alset International
See all newsSingapore's Alset International half-year revenue rises sharply on food and beverage business
Brief: Alset International Posts HY Loss Attributable S$4.5 Million
Brief: Alset International Announces Formation Of Joint Venture
Brief: Alset International Posts HY Loss Attributable From Continuing Operations Of S$14.1 Mln
Brief: Alset International Says Entered Two Stock Purchase Agreements