Alset Inc. Moves Forward with Acquisition of New Energy Asia Pacific Inc. as Part of Strategic Sustainability Initiative

Reuters
23 May
<a href="https://laohu8.com/S/40V.SI">Alset</a> Inc. Moves Forward with Acquisition of New Energy Asia Pacific Inc. as Part of Strategic Sustainability Initiative

Alset Inc. has announced an update regarding its acquisition efforts involving New Energy Asia Pacific Inc. (NEAPI). The company has entered into a Stock Purchase Agreement with Chan Heng Fai, its Chairman and CEO, to acquire all issued and outstanding shares of NEAPI. NEAPI holds a 41.5% stake in New Energy Asia Pacific Company Limited, a Hong Kong-based corporation specializing in the distribution of all-electric vehicles, charging stations, and batteries. The transaction has received approval from Alset's Board of Directors and Audit Committee, with the Chairman and his son recusing themselves from the decision-making process. This strategic move aligns with Alset's commitment to sustainable and eco-friendly solutions. The completion of the acquisition is contingent upon customary closing conditions, including majority shareholder approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alset Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-012110), on May 22, 2025, and is solely responsible for the information contained therein.

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