Brief: Alset International Announces Proposed Disposal Of HWH International Inc

EnerSyn Global

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 

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