Alset Capital Inc. Announces Trading on OTC Under Symbol ALSCF and Achieves DTC Eligibility

Alset Capital Inc., a diversified investment issuer, has begun trading its common shares on the OTC Pink Market in the United States under the symbol "ALSCF" as of April 26, 2024. This development was accompanied by the attainment of The Depository Trust Company (DTC) eligibility, enhancing the accessibility and ease of trading for US investors. The company will maintain its listing on the TSX Venture Exchange under the ticker "KSUM".

According to Morgan Good, CEO of Alset, the OTC listing and DTC eligibility signify key milestones that are expected to increase the company's visibility among US investors and improve trading liquidity. This strategic move follows the completion of a fully subscribed C$6 million financing, and significant contracts in cloud computing and high-performance computing distribution.

The OTC Pink Market caters to early-stage and developing companies by providing them an opportunity to be publicly traded in the US. With DTC eligibility, Alset's shares can now be electronically cleared and settled in the US, which simplifies the trading process and enhances stock liquidity. This listing aims to attract a broader range of institutional and retail investors, potentially leading to increased trading activities and shareholder value.