Name | Value |
---|---|
Revenues | 0.0K |
Cost of Revenue | 0.0K |
Gross Profit | 0.0K |
Operating Expense | 685.8K |
Operating I/L | 2,148.3K |
Other Income/Expense | -2,963.3K |
Interest Income | -1.9K |
Pretax | -815.0K |
Income Tax Expense | -375.0K |
Net Income/Loss | -485.1K |
Alset Capital Acquisition Corp. is a special purpose acquisition company (SPAC) that seeks to merge with businesses in the real estate industry. It aims to identify opportunities in construction, homebuilding, real estate services, financing, insurance, and real estate technology. The company generates revenue through mergers, stock exchanges, asset acquisitions, and reorganizations with these businesses, allowing it to capitalize on the growth and profitability of the real estate sector.