Alset International Ltd completed a sale of HWH International Inc common stock on March 30, 2026, disposing of 100,390 shares at a weighted average price of $0.983 per share for total proceeds of $98,683. Transaction prices ranged between $0.88 and $1.22 per share. As of the latest quote referenced in disclosures, HWH International’s common stock trades at $1.07, representing a 39% decline over the prior week.
Following the disposition, Alset International Limited retains indirect ownership of 1,891,279 shares of HWH International Inc.
Corporate ownership and beneficial control figures tied to the issuer were disclosed in regulatory filings. Chan Heng Fai Ambrose, who serves as CEO of HWH International Inc and Alset Inc, may be considered to have beneficial ownership of shares held by Alset Inc. Aggregate beneficial ownership attributed to Alset Inc totals 4,964,344 shares of HWH common stock. That total includes 2,537,590 shares held directly, 1,891,279 shares held indirectly through Alset International Limited (a majority-owned subsidiary), and 535,475 shares held indirectly through another majority-owned subsidiary, Alset Acquisition Sponsor, LLC. In addition to these holdings, Mr. Chan personally owns 1,002,600 shares of the issuer’s common stock.
Separately disclosed in a press release and a Securities and Exchange Commission filing, HWH International outlined plans to acquire a controlling interest in Hapi Metaverse Inc. Under the agreement, HWH will purchase 505,341,376 shares, which represent 99.55% of Hapi Metaverse’s outstanding capital. The purchase price for that stake is $19.9 million.
The acquisition will be funded through a promissory note that is convertible into newly issued shares of HWH International common stock. The note carries a simple interest rate of 1% per year. Alset Inc., identified as the corporate parent of Hapi Metaverse, may convert any outstanding principal and accrued interest into HWH common stock at a conversion price of $1.85 per share, provided it delivers a ten-day notice prior to the note’s maturity. The note’s maturity is scheduled for five years from the agreement date, and any remaining principal and accrued interest that have not been converted prior to maturity will automatically convert into HWH shares at that time.
These capital structure changes and the insider transaction were captured in the company’s regulatory filing and accompanying press release, which document both the share sale by Alset International Ltd and the terms of HWH’s planned acquisition of Hapi Metaverse.