As of November 6, 2026, one holder's latest Schedule 13D or 13G filing report owning 5% or more of Alset Inc. The largest reported stake is Heng Fai Ambrose Chan's, at 90%. 3 filings are on record since July 2, 2025 (Schedule 13D/A, September 16, 2025).
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Key facts
- · Reporting person: Heng Fai Ambrose Chan · Sole voting: 35,198,409 · Shared voting: 0 · Sole dispositive: 35,198,409 · Shared dispositive: 0 · SCHEDULE 13D/A, 2025-09-16
- · Holder: Heng Fai Ambrose Chan · Percent: 90.8% · SCHEDULE 13D/A
- · Holder: Heng Fai Ambrose Chan · Percent: 68.3% · SCHEDULE 13D/A
Alset Inc. has 3 Schedule 13D or 13G filings on record since 2025-07-02. 1 holder's latest filing reports 5% or more of common stock, par value $0.001 per share. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| 90% | 35,198,409 | SCHEDULE 13D/A, 2025-09-16 | 2025-09-12 |
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Companies that share a holder
- Heng Fai Ambrose Chan also filed stake reports on 3 other companies: DSS, INC. (Sep 2026), HWH International Inc. (Aug 2026), SHARING SERVICES GLOBAL Corp (Mar 2026)
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| Heng Fai Ambrose Chan | 35,198,409 | 0 | 35,198,409 | 0 | SCHEDULE 13D/A, 2025-09-16 |
| HFE Holdings Limited | 3,875,506 | 0 | 3,875,506 | 0 | SCHEDULE 13D/A, 2025-09-16 |
The latest filing identifies Alset Inc. by CUSIP 02115D208 and gives its principal executive office as 4800 Montgomery Lane, Suite 210, Bethesda, MD 20814 (SCHEDULE 13D/A, 2025-09-16).
Source of funds (Item 3)
On August 18, 2025, Mr. Chan acquired 33,000 shares of the Issuer's common stock at a weighted average purchase price of $1.2887 per share. This transaction was executed in multiple trades at prices ranging from $1.19 to $1.42. The reporting person hereby undertakes to provide, upon request of the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected. On September 12, 2025, Mr. Chan sold 500,000 shares of the Issuer's common stock at a weighted average sale price of $2.672 per share.Heng Fai Ambrose Chan, SCHEDULE 13D/A, 2025-09-16
Purpose of Transaction (Item 4)
Heng Fai Ambrose Chan
All of the Issuer's securities owned by the Reporting Person have been acquired for investment purposes only. As of the date of this Schedule 13D, the Reporting Person has no present plans or proposals that relate to or would result in any of the actions required to be described in subsections (a) through (j) of Item 4 of Schedule 13D. The Reporting Person may, at any time, review or reconsider its positions with respect to the Issuer and formulate plans or proposals with respect to any of such matters, but have no present intention of doing so.Item 4 of the SCHEDULE 13D/A filed 2025-09-16
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-07-02 | Heng Fai Ambrose Chan | 68.3% | SCHEDULE 13D/A |
| 2025-07-23 | Heng Fai Ambrose Chan | 90.8% | SCHEDULE 13D/A |
| 2025-09-16 | Heng Fai Ambrose Chan | 90% | SCHEDULE 13D/A |
Questions about who owns Alset Inc.
Who owns Alset Inc.?
On this page, one holder's latest ownership filing reports 5% or more of Alset Inc.: Heng Fai Ambrose Chan (90%, Schedule 13D/A, filed 2025-09-16).
When did Heng Fai Ambrose Chan buy into Alset Inc.?
The filings give report dates, not purchase dates. The earliest filing from Heng Fai Ambrose Chan on this page is the Schedule 13D/A, filed 2025-07-02, reporting 68.3%; its latest, Schedule 13D/A filed 2025-09-16, reports 90%. That earliest filing is itself an amendment, which updates an earlier report.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 3 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.