In 2014, it was known as CCM Group, when it was a construction and property company.

Alset stock price 

6.1 c

52-week range

2.6 – 13.8 cts

Market cap

S$95 m

PE 

--

Dividend yield 

--

1-year return

20%

Shares outstanding

1.55 b

Source: Yahoo!

Then, in that same year, it changed its name to Singapore eDevelopment after selling off its construction business.

Along with the name change, it raised new capital, and diversified into information technology -- under a new CEO and controlling shareholder, Chan Heng Fai.

This year, 2020, Singapore eDevelopment -- a name that conjures up large potential -- became Alset International.

Alset is, well, Tesla spelt in reverse. Maybe it was chosen to signify large things to come.


Alset controls a subsidiary listed on the New York Stock Exchange named Document Security Systems. (“DSS”).

It is a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets.

DSS
Stock price 

US$4.73

52-week range

US$3.69 – US$15.60

Market cap

US$27.6 m

PE 

6.5

Dividend yield 

--

1-year return

-55%

Shares outstanding

5.84 m

Source: Yahoo!

Well, DSS will be undergoing a name change too -- to  Alset, Inc -- with effect from Dec 8.

“Over the past 18 months, we have undergone sweeping change to our organizational structure, operating companies, and business plan,” stated Frank D. Heuszel, CEO of DSS.

“Today, document security products and services are only a small fraction of what the Company does. To more accurately reflect our broad portfolio of current and future businesses we are excited to launch the Alset brand.”

DSS' press release says that in 2019, it embarked on a "bold transformational vision to build a diversified portfolio of companies to drive strong cash flow and profitability with the focus of maximizing shareholder value and generating sustainable growth."

Under the leadership of Chan Heng Fai, who was named Chairman of the Board in March 2019, the Company formed multiple new divisions, laying the foundation to substantially transform and grow the company through additional mergers and acquisitions.

He is described as an accomplished global business veteran with more than 40 years of experience, Mr. Chan specializes in financial restructuring and corporate transformation to unlock value and unleash entrepreneurial zeal while managing risks.

He has successfully restructured more than 35 private and publicly held early-stage and growth companies in the US, Singapore, Hong Kong and other countries.

ChanHengFai SeD“We now operate through nine differentiated business lines. The broad and amorphous nature of the Alset branding will grow with us no matter who we grow into as we continue acquiring exponential growth companies in a variety of sectors, making them better and more profitable, and ultimately sharing the economics of this success with our shareholders.”

-- Chan Heng Fai,
Chairman, DSS

DSS’s anti-counterfeiting and packaging solutions divisions continue to generate rapid growth and are now joined by business lines in healthcare, nutraceuticals, real estate, energy, direct marketing, and more.

These include Impact BioMedical and its multitude of potentially game-changing innovations, income producing real estate through American Medical REIT, and high-growth, high-margin direct marketing opportunities though RBC Life International, HWH World, and Sharing Services Global.

Said Jason Grady, COO: “We have already seen success from investments into existing key scalable business lines which are driving continued top and bottom-line improvements. The progress we are seeing on our new business model and expansive strategy should significantly accelerate these trends in 2021 and beyond, building the Alset brand into a global multinational powerhouse.”


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