Filing Details

Accession Number:
0001493152-24-038411
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-09-26 21:39:51
Reporting Period:
2024-09-24
Accepted Time:
2024-09-26 21:39:51
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1897245 Hwh International Inc. HWH () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1261725 Ambrose Fai Heng Chan 9 Temasek Boulevard #16-4
Suntec Tower Two
Singapore U0 038989
Chief Executive Officer Yes Yes Yes No
1660984 Ltd International Alset 9 Temasek Boulevard #16-4
Suntec Tower Two
Singapore U0 038989
No No Yes No
1750106 Alset Inc. 4800 Montgomery Lane, Suite 210
Bethesda MD 20814
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2024-09-24 5,558,347 $0.63 16,458,347 No 4 P Indirect See Footnote
Common Stock Acquisiton 2024-09-24 476,190 $0.63 19,264,692 No 4 P Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
Footnotes
  1. On September 24, 2024, Alset International Limited entered into a debt conversion agreement (the "AIL Debt Conversion Agreement") with the Issuer. Under the terms of the AIL Debt Conversion Agreement, Alset International Limited converted $3,501,759.00 of debt owed to it by the issuer into 5,558,347 newly issued shares of the Issuer's common stock.
  2. On September 24, 2024, Alset Inc. entered into a debt conversion agreement (the "AEI Debt Conversion Agreement") with the Issuer. Under the terms of the AEI Debt Conversion Agreement, Alset Inc. converted $300,000 of debt owed to it by the issuer into 476,190 newly issued shares of the Issuer's common stock.
  3. Alset Inc. may be deemed to possess beneficial ownership of the 16,458,347 shares of the Issuer owned by Alset International Limited as the majority owner of Alset International Limited, in addition to certain other shares held by Alset Inc. and its subsidiaries. Mr. Chan may be deemed to possess beneficial ownership of shares of the Issuer owned by Alset Inc. as the Chairman, Chief Executive Officer and majority stockholder of Alset Inc. The amount of securities beneficially owned by Mr. Chan reported here excludes 13,000 shares of the Issuer's common stock owned by Mr. Chan personally.
  4. Reflects the number of securities beneficially owned by Alset International Limited following the transaction.
  5. Reflects the number of securities beneficially owned by Alset Inc. following the transaction.