Alset Initiates $1M Stock Buyback Through 2025

Alset Inc., a diversified holding company engaged in property development, financial services, digital transformation, biohealth, and consumer products, has announced a new stock repurchase program authorized by its Board of Directors to buy back up to $1 million of its common stock through December 31, 2025. The program is designed to enhance shareholder value by potentially increasing earnings per share and reflects the company's confidence in its long-term prospects, as stated by CEO Chan Heng Fai, who believes the current market price does not fully reflect the company's intrinsic value. The repurchases will be executed on the open market at the broker's discretion within agreed pricing and size parameters and may be suspended or discontinued depending on market conditions. With approximately 11.7 million shares outstanding, Alset aims to utilize available capital flexibly while signaling optimism about future growth. The announcement has been positively received, with the stock price rising in after-hours trading following the news. This buyback program aligns with the company's strategic goal of creating shareholder value amid favorable financial metrics and attractive stock valuations.