Form 4: Alset Inc. Director Chan Heng Fai Ambrose Reports Share Acquisition

Director Chan Heng Fai Ambrose reports the acquisition of 69,444 shares of HWH International Inc. common stock through a loan repayment to Alset Acquisition Sponsor, LLC.

Summary

• Chan Heng Fai Ambrose, a director and 10% owner of HWH International Inc. (HWH), reported a transaction on March 11, 2025.
• The transaction involved the acquisition of 69,444 shares of HWH common stock.
• These shares were acquired when a borrower repaid a loan of shares to Alset Acquisition Sponsor, LLC, of which Alset Inc. is a majority owner.
• Following the transaction, Alset Inc. beneficially owns 5,064,734 shares of HWH common stock through direct and indirect ownership.
• Mr. Chan also owns 2,600 shares of HWH common stock personally.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Positives

• The return of loaned shares indicates a fulfillment of prior agreements and obligations.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency in the market.

Related Party Transactions

• The share loan agreement between Alset Acquisition Sponsor, LLC and the borrower constitutes a related party transaction.

Stakeholder Impact

• The change in beneficial ownership is disclosed to shareholders to maintain transparency.

Key Dates