Why AlsetEHome International Inc. (AEI) stock performed well on Friday?

AlsetEHome International Inc. (AEI) shares surged 7.70% in after-hours on Friday, December 10, 2021, and closed the daily trading at $0.6725. Even in the regular trading session of Friday, AEI’s stock gained 0.56%. AEI shares have fallen 87.80% over the last 12 months, and they have moved down 42.19% in the past week. Over the past three months, the stock has lost 78.01%, while over the past six months, it has declined 87.99%.

Let’s discuss its recent news and developments.

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Recent share purchased by AEI CEO

On December 08, 2021, the CEO of AlsetEhome International Inc Heng Fai Ambrose Chan bought 7,333,333 shares of AEI at an average price of $0.6 a share. The total cost of this purchase was $4.4 million.

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AEI completeda public offering of common stock

On December 8, 2021, AlsetEHome International Inc. (AEI) completed an underwritten public offering of 18,923,334 shares of common stock, at a price to the public of $0.60 per share, and pre-funded warrants to purchase 31,076,666 shares of Common Stock at $0.599 per pre-funded warrant. The pre-funded warrants have an exercise price of $0.001 per share.

AEI subsidiary First 30 Rental Homes

On December 2, 2021, Alset International Limited which is a subsidiary of AlsetEHome International Inc. (AEI) completed the process of seeding its indirect subsidiary, American Home REIT with its first 30 occupied rental homes.

AEI recent acquisition

On November 4, 2021, AlsetEHome International Inc. (AEI) announced that American Medical REIT Inc. (AMRE) has acquired three hospitals located in Fort Worth, Texas, Plano, Texas and Pittsburgh, Pennsylvania. The total purchase price was $62 million.

The hospitals areaccredited by The Joint Commission and are Medicare-certified and are located near densely populated and fast-growing areas with easy public transport access. The Hospitals have a total capacity of 195 hospital beds spanning a gross floor area of approximately 320,000 square feet.

AEI new project Alset Villas

On October 25, 2021, AlsetEHome International Inc. (AEI) announced that AlsetEHome Inc., an indirect subsidiary of the Company, completed the acquisition of approximately 19.5 acres of partially developed land which will be used to develop an EHome community named Alset Villas. The addition of Alset Villas will further strengthen the Group’s existing portfolio of single-family home projects.

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Well, as of this writing, there is no recent news which could be linked with its positive performance on Friday. We hope that it will continue its positive momentum after the weekend as well.

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