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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2023
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

16. SUBSEQUENT EVENTS

 

On September 28, 2023, Alset International Limited, a subsidiary of the Company, finalized a Loan Agreement and Promissory Note with Value Exchange International, Inc. (“VEII”), extending an unsecured loan of $500,000. The principal bears simple interest at a rate of Eight Percent (8%) per annum. As of September 30, 2023, the loan had not yet been disbursed to VEII. On October 3, 2023, $500,000 of the loan amount was transferred to VEII.