Statement of Changes in Beneficial Ownership (4)
27 Januar 2022 - 11:21PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Chan Heng Fai Ambrose |
2. Issuer Name and Ticker or Trading Symbol
Alset EHome International Inc.
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AEI
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Executive Officer |
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(Last)
(First)
(Middle)
7 TEMASEK BOULEVARD #29-01B, SUNTEC TOWER ONE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/26/2022 |
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(Street)
SINGAPORE, U0 038987
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | 1/27/2022 | | C | | 10000000 | A | $.625 | 28749299 | D | |
| Common Stock | | | | | | | | 6380000 | I | See footnote (1) |
| Common Stock | | | | | | | | 398348 | I | See footnote (2) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Convertible Promissory Note | $.625 | 1/26/2022 | | P (3) | | $6250000 | | 1/26/2022 | 12/13/2024 | Common Stock | 10000000 | $.625 | $6250000 | D | |
| Convertible Promissory Note | $.625 | 1/27/2022 | | C (4) | | | $6250000 | 1/26/2022 | 12/13/2024 | Common Stock | 10000000 | $.625 | $0 | D | |
| Explanation of Responses: |
| (1) | Represents shares held by HFE Holdings Limited. Mr. Chan has sole voting and investment power with respect to such shares. |
| (2) | Represents shares held by Heng Fai Holdings Limited. Mr. Chan has sole voting and investment power with respect to such shares. |
| (3) | On December 13, 2021 Alset EHome International Inc. (the "Company"), entered into a Securities Purchase Agreement with Mr. Chan (the "Purchaser") for the issuance and sale of a convertible promissory note (the "Note") in favor of Purchaser, in the principal sum of $6,250,000. The Note bears interest at a rate equal to three percent (3%) per annum. The Purchaser will have the option to at its sole discretion to either (i) convert the outstanding balance under the Note into either shares of common stock at the conversion price of $0.625 or (ii) receive cash payment for the accrued and unpaid balance. The sale and issuance of this Note by the Company to Purchaser was subject to certain closing conditions. The sale and issuance of this Note was completed on January 26, 2022. |
| (4) | On January 27, 2022, the Purchaser converted the entire balance of the Note into 10,000,000 shares of the Company's common stock. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Chan Heng Fai Ambrose
7 TEMASEK BOULEVARD #29-01B
SUNTEC TOWER ONE
SINGAPORE, U0 038987 | X | X | Chief Executive Officer |
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Signatures
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| /s/ Chan Heng Fai | | 1/27/2022 |
| **Signature of Reporting Person | Date |
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