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BETHESDA, MD / ACCESSWIRE / March 5, 2021 / Alset EHome International Inc. (NASDAQ:AEI) (the Company ), a diversified holding company principally engaged through its subsidiaries in property development, digital transformation technology and biohealth activities, today announced that the Company s majority owned subsidiary, Alset International Limited ( Alset International ) has released unaudited financial results for the full year ended December 31, 2020 ( FY2020 ) and provided an update on its latest business developments.
Alset International reported that for FY2020, Alset International s other income increased by US$52.0 million to US$52.9 million, driven mainly by a US$50.5 million gain on the disposal of Impact Biomedical, Alset International s Biomedical arm, following the completion of the US$50 million purchase by NYSE-listed Document Security Systems Inc. on August 24, 2020.
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