Alset Inc., a Texas-based corporation, has announced the approval of its acquisition of New Energy Asia Pacific Inc. (NEAPI). The transaction was approved by written consent from Chan Heng Fai, who holds a majority of the company's outstanding common stock. The acquisition is part of a stock purchase agreement dated May 22, 2025. This move represents a strategic expansion for Alset Inc. into the energy sector. The company has issued an information statement to inform shareholders of the details and implications of the acquisition.
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