HWH International Inc.
(NASDAQ:HWH) shares jumped 138.36% to $2.92 in after-hours trading on Tuesday following a pair of Securities and Exchange Commission filings disclosing insider buying and a majority shareholder stake increase.
Alset Boosts HWH Stake To 80.5% According to a Tuesday SEC filing, majority shareholder Maryland-based diversified holding company Alset Inc. purchased 250,000 newly issued shares at $2.00 each on Monday, injecting $500,000 directly into HWH.
Post-transaction, Alset's consolidated ownership rises to 80.5% from 79.8%.
On the same day, HWH CEO Chan Heng Fai, who also chairs and controls Alset, separately disclosed the purchase via a separate SEC filing, reflecting 5,261,719 shares of beneficial ownership across direct and subsidiary holdings.
