0001493152-23-026578.txt : 20230803 0001493152-23-026578.hdr.sgml : 20230803 20230803123428 ACCESSION NUMBER: 0001493152-23-026578 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230802 FILED AS OF DATE: 20230803 DATE AS OF CHANGE: 20230803 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Chan Heng Fai Ambrose CENTRAL INDEX KEY: 0001261725 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41254 FILM NUMBER: 231138974 MAIL ADDRESS: STREET 1: 2601 INSLAND PLACE TOWER STREET 2: 510 KINGS RD N POINT CITY: HONG KONG STATE: K3 ZIP: 999999999 FORMER NAME: FORMER CONFORMED NAME: CHAN FAI DATE OF NAME CHANGE: 20030828 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Alset Capital Acquisition Corp. CENTRAL INDEX KEY: 0001897245 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122] IRS NUMBER: 873296100 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 BUSINESS ADDRESS: STREET 1: 4800 MONTGOMERY LANE, SUITE 210 CITY: BETHESDA STATE: MD ZIP: 20814 BUSINESS PHONE: 301-971-3955 MAIL ADDRESS: STREET 1: 4800 MONTGOMERY LANE, SUITE 210 CITY: BETHESDA STATE: MD ZIP: 20814 4 1 ownership.xml X0508 4 2023-08-02 0 0001897245 Alset Capital Acquisition Corp. ACAX 0001261725 Chan Heng Fai Ambrose 9 TEMASEK BOULEVARD #16-04 SUNTEC TOWER TWO SINGAPORE U0 038989 SINGAPORE 1 1 1 0 Chief Executive Officer 0 Class A Common Stock 2023-08-02 4 P 0 25000 6.42 A 498750 I See Footnote Class A Common Stock 2023-08-02 4 P 0 7519 6.90 A 506269 I See Footnote On August 2, 2023, Alset Inc. acquired 25,000 shares of the Issuer's Class A Common Stock. This transaction was executed in multiple trades at prices ranging from $4.75 to $7.615. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon request of the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected. On August 2, 2023, Alset Inc. acquired 7,519 shares of the Issuer's Class A Common Stock. This transaction was executed in multiple trades at prices ranging from $4.68 to $8.02. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon request of the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected. In addition to the 32,519 shares of common stock held by Alset Inc., over which Mr. Chan may be deemed to possess indirect beneficial ownership as the Chief Executive Officer and Chairman of Alset Inc., Alset Acquisition Sponsor, LLC (the "Sponsor") beneficially owns 473,750 shares of the Issuer's Class A Common Stock. As Chief Executive Officer of the sole member of the Sponsor, and as the Chief Executive Officer and control person of the entities which own the Sponsor's sole member, Mr. Chan may be deemed to possess beneficial ownership of the securities held of record by the Sponsor, and therefore beneficially owns 506,269 shares of the Class A Common Stock of Alset Capital Acquisition Corp. Mr. Chan disclaims any such beneficial ownership except to the extent of his pecuniary interest. In addition to the Class A Common Stock described above, the Sponsor also owns 2,156,250 shares of Class B Common Stock, which will automatically convert into shares of Class A Common Stock upon the completion of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments. /s/ Chan Heng Fai Ambrose 2023-08-03