Alset EHome International Subsidiary GigWorld Inc. Purchases 18% Equity Interest in Value Exchange International, Inc. (VEII)

HONG KONG--(BUSINESS WIRE)--Value Exchange International, Inc. (OTCQB: VEII)(“Value Exchange”), a provider of Mobile Payment Gateway (QR code purchase at POS) customer-centric solutions for the retail industry in Asia, announced today the private sale to GigWorld, Inc., a subsidiary of Alset EHome International Inc. (NASDAQ:AEI)(“Alset”), of an 18% common stock interest in Value Exchange. The purchase was made for investment purposes and as an initial step in possible strategic business cooperation between Value Exchange and Alset.