2022-01-19 12:15:02 DSS DSS
01/19/22 01/1912:15 01/19/2212:15 | DSS acquires 25.1% of Alset InternationalDSS entered into a stock purchase agreement on January 18, 2022, with its shareholder Alset EHome International Inc., which currently owns 15.24% of the company's outstanding shares of common stock, pursuant to which AEI sold to the company 877,248,065 ordinary shares, no par value per share, of Alset International Limited for a purchase price of 59,979,582 newly issued shares of the company's common stock. Following the closing of this transaction, AEI will own 55.52% of the company's outstanding shares of common stock and will be the majority shareholder of the company. On January 18, 2022, the company entered into a stock purchase agreement with AEI, pursuant to which AEI sold to the company 100% of the shares of common stock of its wholly owned subsidiary True Partner International Limited, and all of TP's 62,122,908 ordinary shares of True Partner Capital Holding Limited, for a purchase price of 11,397,080 newly issued shares of the company's common stock. The closings of these transactions are subject to approval of the NYSE and the company's stockholders. Transaction details will be filed in an 8-K with the U.S. Securities and Exchange Commission. |
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