Item 8.01 Other Events.
On December 9, 2022, Alset Inc. (the "Company") entered into an agreement with
Alset EHome Inc. and Alset International Limited, two majority-owned
subsidiaries of the Company, pursuant to which the Company will reorganize the
ownership of its home rental business. The Company and certain majority-owned
subsidiaries now collectively own 132 single-family rental homes in Texas. 112
of these rental homes are currently owned by subsidiaries of Alset EHome Inc.
The Company owns 85.4% of Alset International Limited, and Alset International
Limited indirectly owns approximately 99.9% of Alset EHome Inc. Pursuant to this
agreement, the Company will become the direct owner of the subsidiaries that
collectively own these 112 homes, instead of such homes being owned indirectly
through Alset International Limited's subsidiaries.
Alset EHome Inc. will be selling the entity that owns these 112 homes to the
Company for a total consideration of $26,250,933, including the forgiveness of
debt in the amount of $13,900,000, a promissory note in the amount of
$11,350,933 and a cash payment of $1,000,000. This purchase price represents the
book value of that company which holds 112 homes as of November 30, 2022.
The closing of this transaction is subject to the approval of the shareholders
of Alset International Limited. Certain members of the Company's Board of
Directors and management are also members of the Board of Directors and
management of each of Alset International Limited and Alset EHome Inc.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)© Edgar Online, source Glimpses
ALSET INC. 
