Between April 30 and May 5, Alset International (formerly Singapore eDevelopment) executive chairman and chief executive officer Chan Heng Fai acquired 6,338,400 shares of the Catalist-listed company for a consideration of S$399,319, at 6.3 cents per share.

 

This increased his total interest in Alset International from 69.96 per cent to 70.29 per cent.

 

Mr Chan noted in the Alset International Annual Report 2020 that as worldwide inoculation efforts are underway, the group sees brighter spots for the global economy that is progressively on the path to recovery.

 

He added that the group remains cautiously optimistic of its prospects to drive growth via its newly established Alset Ehomes and its sustainable healthy living systems, as well as its pursuits to expand into the gig economy space.

 

A banking and finance expert with years of experience, Mr Chan has restructured over 35 companies in various industries and countries in the past 40 years.