0001493152-24-004645.txt : 20240201 0001493152-24-004645.hdr.sgml : 20240201 20240201214527 ACCESSION NUMBER: 0001493152-24-004645 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240130 FILED AS OF DATE: 20240201 DATE AS OF CHANGE: 20240201 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Chan Heng Fai Ambrose CENTRAL INDEX KEY: 0001261725 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41254 FILM NUMBER: 24588632 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Alset Acquisition Sponsor, LLC CENTRAL INDEX KEY: 0001908910 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41254 FILM NUMBER: 24588630 BUSINESS ADDRESS: BUSINESS PHONE: 3019713940 MAIL ADDRESS: STREET 1: 4800 MONTGOMERY LANE STREET 2: SUITE 210 CITY: BETHESDA STATE: MD ZIP: 20814 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Alset Inc. CENTRAL INDEX KEY: 0001750106 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] ORGANIZATION NAME: 05 Real Estate & Construction STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41254 FILM NUMBER: 24588631 BUSINESS ADDRESS: STREET 1: 4800 MONTGOMERY LANE STREET 2: SUITE 210 CITY: BETHESDA STATE: MD ZIP: 20814 BUSINESS PHONE: 3019713955 MAIL ADDRESS: STREET 1: 4800 MONTGOMERY LANE STREET 2: SUITE 210 CITY: BETHESDA STATE: MD ZIP: 20814 FORMER NAME: FORMER CONFORMED NAME: Alset EHome International Inc. DATE OF NAME CHANGE: 20210205 FORMER NAME: FORMER CONFORMED NAME: HF Enterprises Inc. DATE OF NAME CHANGE: 20180814 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: HWH International Inc. CENTRAL INDEX KEY: 0001897245 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 873296100 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 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 FORMER COMPANY: FORMER CONFORMED NAME: Alset Capital Acquisition Corp. DATE OF NAME CHANGE: 20211203 4 1 ownership.xml X0508 4 2024-01-30 0 0001897245 HWH International Inc. HWH 0001261725 Chan Heng Fai Ambrose 9 TEMASEK BOULEVARD #16-04 SUNTEC TOWER TWO SINGAPORE U0 038989 SINGAPORE 1 0 1 0 0001750106 Alset Inc. 4800 MONTGOMERY LANE, SUITE 210 BETHESDA, MD 20814 0 0 1 0 0001908910 Alset Acquisition Sponsor, LLC 4800 MONTGOMERY LANE, SUITE 210 BETHESDA, MD 20814 0 0 1 0 0 Common Stock 2024-01-30 4 J 0 347220 D 2330155 I See Footnote Alset Acquisition Sponsor, LLC ("the Sponsor") entered into an agreement effective January 30, 2024 (the "Agreement"), pursuant to which the Sponsor loaned a borrower (the "Borrower") 347,220 shares of the Issuer's common stock (the "Shares"). Under the terms of the Agreement, the Borrower will return the aforementioned shares to the Sponsor no later than six months following the execution of the Agreement. The Sponsor will retain the right to vote the Shares and receive any dividends paid on the Shares during the duration of the loan. The Borrower may not sell, lend or transfer the Shares. The Borrower has agreed not to buy, sell or short any securities of the Issuer for a period of one year from the date of the Agreement. Under the terms of the Agreement, the Sponsor may request the return of the Shares at any time upon five days' notice during the term of the Agreement. If the Sponsor shall request the return of the Shares during the initial 90 days of the term of the Agreement, the Sponsor shall be required to make a loan of comparable value to the Borrower. The Sponsor has agreed that all consideration for its loan of the Shares to the Borrower shall be paid directly to the Issuer. The consideration for the loan of Shares shall consist of certain equity interest in the Borrower. The exact value of such equity interests cannot be precisely determined at the present time. Alset Inc. may be deemed to possess beneficial ownership of the shares of the Issuer owned by the Sponsor as the majority owner of the Sponsor. Mr. Chan may be deemed to possess beneficial ownership of shares of the Issuer owned by the Sponsor as the Chairman, Chief Executive Officer and majority stockholder of Alset Inc. /s/ Chan Heng Fai Ambrose 2024-02-01 Alset Inc. /s/ Chan Heng Fai Ambrose, Chief Executive Officer 2024-02-01 Alset Acquisition Sponsor, LLC By: Alset SPAC Group Inc., its Sole Member /s/ Chan Heng Fai Ambrose, Chief Executive Officer 2024-02-01