Alset AI Announces Full Repayment of $3.7 Million Secured Loan with Interest from Portfolio Company, Significantly Strengthening Balance Sheet
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Alset AI Ventures Inc. has announced the full repayment of a $3.7 million secured loan with interest from its portfolio company, Cedarcross International Technologies Inc. This repayment strengthens Alset AI's balance sheet.
November 21, 2024 | 11:15 am
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Alset AI Ventures Inc. has received full repayment of a $3.7 million secured loan from Cedarcross, improving its financial position.
The repayment of the loan improves Alset AI's financial health by reducing liabilities and increasing available capital, which is positive for the company's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80