Alset Inc. (NASDAQ:AEI) ("AEI" or the "Company"), a diversified holding company principally engaged through its subsidiaries in the development of smart and sustainable home communities and other property development, financial services, digital transformation technologies, biohealth activities and consumer products, is pleased to announce the signing of a binding term sheet to acquire 100% of New Energy Asia Pacific Inc. ("NEAPI"). NEAPI owns approximately 41.5% of New Energy Asia Pacific Limited, a Hong Kong company ("New Energy"). New Energy focuses on distributing all-electric versions of special-purpose and transportation vehicles, charging stations and batteries.
This is a strategic move for AEI which is in line with the Company's commitment to advancing sustainable and eco-friendly solutions for the future.
NEAPI will be acquired from Mr. Heng Fai Chan, the Company's Chairman, Chief Executive Officer and largest stockholder.
The consideration for the acquisition will consist of a convertible note in the amount of $103.75 million U.S. Dollars to be issued by the Company to the seller. Such convertible note will have a five year term and an interest rate of three (3%) per year. The note may be converted into shares of the Company's common stock by either party, at any time during the term of the note. The conversion price for such note has been set at $12.00 per share (based on a calculation of the approximate adjusted NAV of the Company per share as at September 30, 2023) which is equivalent to approximately 16 times the last market trading price of AEI of $0.75 as of December 12, 2023. The closing of this acquisition will be subject to certain standard closing conditions.
Currently, New Energy has a strong pipeline of demand, with signed collective sales secured via Memorandums of Understanding totalling up to $42 million in value and continues to garner strong interest from local government departments and market demand. New Energy will seek to significantly increase revenues in the coming months relating to both electric chargers and electric vehicles.
New Energy's expertise extends across Asia, with established service and training centers in Mainland China and Hong Kong China, and ongoing development planned in various parts of the world.
The acquisition of NEAPI, and with it, this significant position in New Energy, reinforces Alset Inc.'s commitment to building a better world through sustainable practices. The holistic support offered by New Energy within the electric vehicle ecosystem perfectly aligns with Alset Inc.'s vision for sustainable living.
"We are excited to have NEAPI, and its significant position in New Energy, as part of our Company. This acquisition represents a crucial step forward in our commitment to delivering and developing a broader range of sustainable and environmentally friendly offerings" Danny Lim, Executive Director of the Company commented. "We aim to drive innovation and contribute to the global shift towards a more conscientious and eco-friendly future."
Alset Inc.(納斯達克股票代碼:AEI)(“AEI” 或 “公司”)是一家多元化控股公司,主要通過其子公司從事智能和可持續家居社區的開發以及其他房地產開發、金融服務、數字化轉型技術、生物健康活動和消費品。該公司欣然宣佈簽署一份具有約束力的條款表,收購新能源亞太有限公司(“NEAPI”)的100%股權。NEAPI擁有香港公司新能源亞太有限公司(“新能源”)約41.5%的股份。新能源專注於分銷特種車輛和運輸車輛、充電站和電池的全電動版本。
這是AEI的一項戰略舉措,符合公司爲未來推進可持續和環保解決方案的承諾。
NEAPI將從公司董事長、首席執行官兼最大股東陳恒輝先生手中收購。
此次收購的對價將包括公司向賣方發行的金額爲1.0375億美元的可轉換票據。此類可轉換票據的期限爲五年,利率爲每年三年(3%)。在票據期限內,任何一方均可將票據轉換爲公司普通股。此類票據的轉換價格定爲每股12.00美元(基於截至2023年9月30日公司調整後每股資產淨值的大致計算),相當於截至2023年12月12日AEI最後市場交易價格0.75美元的16倍。此次收購的完成將受某些標準成交條件的約束。
目前,新能源擁有強勁的需求渠道,通過諒解備忘錄簽署的集體銷售總額高達4,200萬美元,並繼續引起地方政府部門和市場需求的濃厚興趣。新能源將尋求在未來幾個月內大幅增加與充電器和電動汽車相關的收入。
New Energy的專業知識遍及亞洲,在中國大陸和中國香港建立了服務和培訓中心,並計劃在世界各地進行持續開發。
對NEAPI的收購以及隨之而來的在新能源領域的這一重要地位,增強了Alset Inc.的實力。”致力於通過可持續實踐建設更美好的世界。新能源在電動汽車生態系統中提供的全面支持與Alset Inc.完全一致。”可持續生活的願景。
“我們很高興NEAPI及其在新能源領域的重要地位成爲我們公司的一部分。此次收購是我們在承諾提供和開發更廣泛的可持續和環保產品方面向前邁出的關鍵一步。” 該公司執行董事丹尼·林評論道。“我們的目標是推動創新,爲全球向更良心和更環保的未來轉變做出貢獻。”