Alset Ehome International Inc. (AEI) is engaged in multiple retailing businesses including property development and investments, development and commercialization of biomedical products, asset management, direct sales of health products, IT related business and food and beverage industry.
The price of AEI stock during the regular trading on January 13, 2022 was $0.44 with a significant decline of 4.36%. At last check in the aftermarket the stock was up by 5.50%
AEI: Events and Happenings
On January 12, 2022, AEI reported that the company provided the stockholders with the updates on the developmental milestones achieved by the company for the year 2021. The company management continued to view progression in the company’s expansion despite the global pandemic challenges. The management of the company is optimistic that that AEI had been positioned to grow in the coming years.
On December 30, 2021, AEI reported about the establishment of Alset Metaverse Inc. for the incubation and investment in metaverse related portfolio. It will help in striving the capitalization of virtual reality potential and enhancing the company’s business.
On December 14, 2021, AEI reported that the underwriter has exercised its acquisition option of supplementary 7,500,000 shares of the company’s common stock at a per share price of $0.60. Total gross proceeds from the offering were up to $34.5 million. On December 8, 2021, AEI reported about the closure of underwritten public offering of 18,923,334 shares of company’s common stock at a per share public price of $0.60, and pre-funded warrants for the acquisition of 31,076,666 shares of its Common Stock at a rate of $0.599 per pre-funded warrant.
On December 2, 2021, AEI reported that one of its subsidiaries had completed the seeding of its indirect subsidiary with its preliminary 30 occupied rental homes. On November 4, 2021, AEI reported that American Medical REIT Inc. had purchased three hospitals for the total acquisition price of $62 million. The operator is LifeCare Hospital which is a specialty hospital operator engaged in long-term acute and critical well-ness.
Conclusion
Due to the global pandemic challenges and resultantly the decline in economic growth, AEI stock dropped 92% from the past six months period. The company showed progressive and promising Financial Year 2021 results. The current aftermarket is also probably the result of the results and the uncertain market environment. The investors are optimistic about the company that its stock will once again bounce back.
