XML 51 R28.htm IDEA: XBRL DOCUMENT v3.25.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
SCHEDULE OF SUBSIDIARIES

The Company’s consolidated financial statements include the financial positions, results of operations and cash flows of the following entities as of December 31, 2024 and 2023, as follows:

 

      Attributable interest 
   State or other jurisdiction of  as of, 
Name of subsidiary consolidated under AEI  incorporation or organization  December 31, 2024   December 31, 2023 
      %   % 
Alset Global Pte. Ltd.  Singapore                               100                               100 
Alset Business Development Pte. Ltd.  Singapore   100    100 
Global eHealth Limited  Hong Kong   100    100 
Alset International Limited  Singapore    85.7    85.5 
Singapore Construction & Development Pte. Ltd.  Singapore   85.7    85.5 
Singapore Construction Pte. Ltd.  Singapore   85.7    85.5 
Global BioMedical Pte. Ltd.  Singapore   85.7    85.5 
Health Wealth Happiness Pte. Ltd.  Singapore    81.1    74.6 
SeD Capital Pte. Ltd.  Singapore    85.7    85.5 
LiquidValue Asset Management Pte. Ltd.  Singapore    85.7    85.5 
Alset Solar Limited  Hong Kong    85.7    85.5 
Alset F&B One Pte. Ltd.  Singapore    73.0    67.1 
BMI Capital Partners International Limited  Hong Kong    85.7    85.5 
SeD Perth Pty Ltd  Australia    85.7    85.5 
SeD Intelligent Home Inc.  United States of America    85.7    85.5 
LiquidValue Development Inc.  United States of America    85.7    85.4 
Alset EHome Inc.  United States of America    85.7    85.4 
SeD USA, LLC  United States of America    85.7    85.4 
150 Black Oak GP, Inc.  United States of America    85.7    85.4 
SeD Development USA Inc.  United States of America    85.7    85.4 
150 CCM Black Oak, Ltd.  United States of America    85.7    85.4 
SeD Texas Home, LLC  United States of America    100    100 
SeD Ballenger, LLC  United States of America    85.7    85.4 
SeD Maryland Development, LLC  United States of America    71.6    71.4 
SeD Development Management, LLC  United States of America    72.8    72.6 
SeD Builder, LLC  United States of America    -    85.4 
Hapi Metaverse Inc. (f.k.a. GigWorld Inc.)  United States of America    99.6    99.6 
HotApp BlockChain Pte. Ltd.  Singapore    99.6    99.6 
HotApp International Limited  Hong Kong    99.6    99.6 
SeD REIT Inc.  United States of America    -    85.4 
HWH World Inc.  United States of America    -    74.6 
HWH World Pte. Ltd.  Singapore    81.1    74.6 
UBeauty Limited  Hong Kong    85.7    85.5 
HWH World Limited  Hong Kong    81.1    74.6 
HWH World Inc.  South Korea    81.1    74.6 
Alset Energy Inc.  United States of America    -    85.5 
BioHealth Water Inc.  United States of America    85.7    85.5 
Hapi Robot Pte. Ltd. (f.k.a. Impact BioHealth Pte. Ltd.)  Singapore    85.7    85.5 
American Home REIT Inc.  United States of America    100    100 
Alset Solar Inc.  United States of America    -    68.3 
HWH KOR Inc.  United States of America    -    74.6 
Alset Capital Inc. (f.k.a. OpenBiz Inc.)  United States of America    -    100 
Hapi Cafe Inc.  Texas, United States of America    81.1    74.6 
HWH (S) Pte. Ltd.  Singapore    85.7    85.5 
LiquidValue Development Pte. Ltd.  Singapore    100    100 
LiquidValue Development Limited  Hong Kong    100    100 
Alset F&B Holdings Pte. Ltd.   Singapore    81.1    74.6 

 

 

Credas Capital Pte. Ltd.  Singapore    64.2    64.1 
Credas Capital GmbH  Switzerland    64.2    64.1 
Smart Reward Express Limited  Hong Kong    49.8*   74.1
AHR Texas Two, LLC  United States of America    100    100 
AHR Black Oak One, LLC  United States of America    85.7    85.4 
AHR Texas Three, LLC  United States of America    100    100 
Hapi Cafe Korea Inc.  South Korea    81.1    74.6 
Alset Management Group Inc.  United States of America   -    77.0 
Alset Acquisition Sponsor, LLC  United States of America   93.5    93.5 
HWH International Inc. (f.k.a. Alset Capital Acquisition Corp.)  Delaware, United States of America   81.1    53.7 
Alset Spac Group Inc.  United States of America   93.5    93.5 
Hapi Travel Pte. Ltd.  Singapore   81.1    74.6 
Hapi WealthBuilder Pte. Ltd.  Singapore   81.1    74.6 
Alset eVehicle Pte. Ltd.  Singapore   -    85.5 
Hapi iRobot Pte. Ltd. (f.k.a. Hapi Marketplace Pte. Ltd.) (f.k.a. HWH Marketplace Pte. Ltd.)  Singapore   81.1    74.6 
HWH International Inc.  Nevada, United States of America   81.1    74.6 
Hapi Cafe SG Pte. Ltd.  Singapore   81.1    74.6 
Alset Reits Inc.  United States of America   -    100 
HWH Merger Sub, Inc.  United States of America   -    53.7 
Hapi Metaverse Inc.  Texas, United States of America   -    99.6 
Hapi Cafe Limited  Hong Kong   99.6    99.6 
Hapi Group HK Limited (f.k.a. MOC HK Limited)  Hong Kong   99.6    99.6 
AHR Texas Four, LLC  United States of America   100    100 
Alset F&B (PLQ) Pte. Ltd.  Singapore   -    74.6 
NewRetail-AI Inc.  United States of America   -    99.6 
Hapi Robot Service Pte. Ltd. (f.k.a. Hapi Acquisition Pte. Ltd.)  Singapore   99.6    99.6 
Hapi Travel Limited  Hong Kong   -    99.6 
Guangdong LeFu Wealth Investment Consulting Co., Ltd. (f.k.a. Shenzhen Leyouyou Catering Management Co., Ltd.)  China   99.6    99.6 
Dongguan Leyouyou Catering Management Co., Ltd.  China   99.6    99.6 
GuangZhou Leyouyou Catering Management Co., Ltd  China   99.6    99.6 
Robot Ai Trade Pte. Ltd.  Singapore   85.7    85.5 
Ketomei Pte. Ltd.  Singapore   39.7*   - 
Hapi MarketPlace Inc.  United States of America   81.1    - 
Hapi Café Co., Ltd.  Taiwan   99.6    - 
Hapi Home Inc.  United States of America   81.1    - 
Hapi Robot Inc.  United States of America   72.3    - 

 

* Although the Company indirectly holds percentage of shares of these entities less than 50%, the subsidiaries of the Company directly hold more than 50% of shares of these entities, and therefore, they are still consolidated into the Company.