Exhibit 21
| 150 CCM Black Oak, Ltd. | Texas | |
| AHR Texas Two LLC | Delaware | |
| AHR Texas Three LLC | Delaware | |
| AHR Texas Four LLC | Delaware | |
| Alset Acquisition Sponsor, LLC | Delaware | |
| Alset Business Development Pte. Ltd. | Singapore | |
| Alset EHome Inc. | Delaware | |
| Alset International Limited | Singapore | |
| Alset Global Pte. Ltd. | Singapore | |
| American Home REIT Inc. | Maryland | |
| BMI Capital Partners International Limited. | Hong Kong | |
| Global BioMedical Pte. Ltd. | Singapore | |
| Global eHealth Limited | Hong Kong | |
| Hapi Metaverse Inc. | Delaware | |
| HWH International Inc. | Nevada | |
| HWH World Inc. | Korea | |
| LiquidValue Asset Management Pte. Ltd. | Singapore | |
| LiquidValue Development Pte. Ltd. | Singapore | |
| SeD Maryland Development, LLC | Delaware |