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