PHI Group, Inc. (OTCMKTS: PHIL) is a highly active double zero sub that trades 100 million shares on a slow day as the Company positions itself to becoming a major player in fast growing and booming Vietnam economy. Besides building the Asia Diamond Exchange in Long Thanh, Dong Nai Province, comparable with diamond exchanges in Antwerp and Dubai, PHI Group and two of its subsidiaries just signed an investment commitment agreement with Saigon Silicon City JSC., to provide the required capital for Saigon Silicon City to complete the development and construction plan for over 51 hectares at Lots I6 & I7, Road D1, Saigon High Technology Park, Long Thanh My Ward, District 9, Ho Chi Minh City, Vietnam. Saigon Silicon City is one of the largest areas in the Saigon High Tech Park (SHTP), with more than 51 hectares of land dedicated to foreign hi-tech companies.
PHIL has a massive investor following and a history of big moves including making a number of big runs in early 2021 spiking over a penny on 4 separate occasions as well as one run to highs of $0.019. PHIL is highly liquid and can move fast and there are a lot of investors on the sidelines that will jump in on any sustained upward movement. PHI Group continues to update shareholders as the Company awaits several massive investment packages they previously announced. On February 15 they tweeted: “Pending the anticipated closing of the $250M investment package, Tin Thanh Group has agreed to extend the closing of the acquisition until March 15, 2023. GB!” We will be updating on PHIL when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.
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PHI Group, Inc. (OTCMKTS: PHIL) primarily focuses on mergers and acquisitions and invests in select industries and special situations that may substantially enhance shareholder value. The Company is the sponsor and organizer of Philux Global Funds SCA, SICAV-RAIF, philuxfunds.com a group of Luxembourg-registered bank funds with multiple sub-fund compartments for investment in various select industries and projects. In addition, the Company’s wholly owned subsidiary, PHILUX Capital Advisors, Inc. philuxcapital.com provides M&A consulting services and assists companies to go public and access international capital markets.
PHILUX Global Funds SCA, SICAV-RAIF is a Luxembourg-based bank fund with an intent to initially hold “Philux Global Select Growth Fund,” “Philux Energy Fund” and “Philux Infrastructure Fund” for investment in real estate, infrastructure, renewable energy and healthcare as well as the Asia Diamond Exchange (ADE) in the Chu Lai Open Economic Zone, Quang Nam Province, and the Multi-Logistics Center near the new Long Thanh International Airport, Long Thanh District, Vietnam. This will be the first rough diamond exchange in Southeast Asia, expected to be comparable with diamond exchanges in Antwerp and Dubai.
PHI Group’s flagship is the Asia Diamond Exchange (ADE) which will consist of the rough and lab-grown diamond trading centers in Chu Lai, Quang Nam Province and the polished diamond centers in Long Thanh, Dong Nai Province, Vietnam comparable with diamond exchanges in Antwerp and Dubai. The Asia Diamond Exchange is a modern bourse organized in affiliation with the World Federation of Diamond Bourses that is fully compliant with the Kimberley attestation process. A key component for establishing this trade will be the establishment of Diamond Buildings, where all diamond activities will be grouped within Free Trade Zones, close to Chu Lai and Long Thanh international airports. The Diamond Buildings will be established following the quintessence of the Israel Diamond Exchange (IDE), the Bharat Diamond Bourse (BDB), the Antwerp Diamond Exchange and the Dubai Diamond Exchange. It provides a secure and closed environment that houses everything a diamond trader needs under one roof. The ADE will have a trading floor, facility for diamond auctions, diamond related services, shipping, safe rooms, banks and support services such as restaurants and shops.
More recently PHI Group has been able to accomplish remarkable milestones with respect to forging unprecedented relationships with and getting support from major global diamonteers, international diamond exchanges, rough diamond supplying countries and companies, worldwide investors, the Vietnamese central and provincial governments and the Kimberly Certification Process authority. PHI Group has also been working with the provincial leaders of Quang Nam Province and Chu Lai Open Economic Zone Authority in Central Vietnam and Dong Nai Province in Southern Vietnam to prepare and complete the required documents for the licensing process in order to construct the Asia Diamond Exchange buildings and other supporting facilities. PHIL plans to develop a total area of 1,000 hectares adjacent to the Long Thanh International Airport for the Asia Diamond Exchange (“ADE”) project and the industrial park and logistics center with an investment amount of approximately USD 5 billion in the first phase. PHI Group has the commitments of a number of major international investors that have agreed to provide capital for this and other projects we are currently undertaking.
PHI Group has several important agreements in place; one to acquire 50.10% of both Kota Energy Group LLC and Kota Construction LLC for $64,125,000, to be paid in cash. KOTA provides solutions for solar energy to residential and commercial customers, with unique competitive advantages. Separated into two separate and unique companies, KOTA Energy Group (KEG) serves as the sales engine with some of the industry’s top talent in sales. KEG, as one of the fastest growing companies in solar, sold over 10 Megawatts in 2021 bringing in over $12M in revenue. KOTA Construction (KC) is a premier installer with one of the best reputations in the industry for quality and service. KC as the EPC (Engineering, Procurement, and Construction) side of KOTA has over $50M in contracts and 14 Megawatts under management from 2021.
The Company also has an agreement to acquire 51% of Tin Thanh Group (TTG) for cash. According to the agreement, PHI Group will purchase 22,032,000 shares of Ordinary Stock from the majority shareholder of Tin Thanh Group for USD $60 million. Tin Thanh Group is a pioneer conglomerate with decades of experience in providing renewable energy and reducing global emissions covering the following fields: Environment, Energy, and Closed Circular Agro-Industrial Energy. It is supplying energy from renewable fuels to more than 40 industrial plants in Vietnam and around the world
$PHIL Saigon Silicon City video:https://t.co/imyuX1u58Y. God Bless!
— PHI GROUP INC (@PHIGROUP) February 27, 2023
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Earlier in February PHI Group and Thanh Nam Long Co., Ltd., a Vietnamese construction and infrastructure development company, signed an agreement with Philux Global Group, Inc., the parent and sponsor of PHILUX Global Funds SCA, SICAV-RAIF, to join “PHILUX Infrastructure Fund,” a Luxembourg-based infrastructure fund focusing on the development and implementation of selective infrastructure projects in Vietnam and other geographical areas that are compatible with the investment philosophy and strategy of the fund. Through Philux Infrastructure Fund, Thanh Nam Long Construction Co. will partner with Philux Global Group to develop and invest in the Ho Chi Minh – Moc Bai, Tay Ninh Expressway and other select infrastructure projects in Vietnam, including the Asia Diamond Exchange, the Multi-Logistics Center in Long Thanh District, Dong Nai Province and other expressway, highway, seaport and industrial zone projects.
PHI Group also signed an agreement for comprehensive cooperation with Dr. Tri Viet Do, a German-trained expert in electromagnetic energy and quantum physics, to jointly cooperate in the development and commercialization of a number of key products using proprietary intellectual properties already developed by him. According to the Agreement, Dr. Do and the Company have set the scope of a long-term development plan that encompasses nine categories of interest in the areas of power generation, transportation, healthcare, medicines, environmental protection, waste management and agriculture based on results of his study and experiments over the past thirty years. However, in the short term we the Company will mainly focus on clean energy generation and transportation.
On February 27 PHIL filed an 8k and announced the Company and two of its subsidiaries have signed an investment commitment agreement with Saigon Silicon City JSC., a Vietnamese joint stock company, to provide the required capital for SSC to complete the development and construction plan for over 51 hectares at Lots I6 & I7, Road D1, Saigon High Technology Park, Long Thanh My Ward, District 9, Ho Chi Minh City, Vietnam. According to the Investment Commitment Agreement, Philux Global Group and its subsidiaries are committed to providing or causing to be provided a total of USD 500 million for investment in Saigon Silicon City for the first phase of construction and subsequent additional capital as needed to complete the SSC’s entire development and investment program at Saigon High Technology Park. It is expected that within 30 days of the signing of Investment Commitment Agreement, the Company will provide USD 50 million for SSC to resume the implementation of its building plan. Additonal tranches of USD 50 million will be released to SSC at regular intervals as needed.
Saigon Silicon City is one of the largest areas in the Saigon High Tech Park (SHTP), with more than 51 hectares of land dedicated to foreign hi-tech companies. Silicon City will include four management and operation centers (office buildings for R&D department) including structures wtih an estimated floor area of 201,695 square meters, 25 office buildings with a total land area of 195,739 square meters, and other supporting service departments including inbound and outbound warehouses, display department, and a gym center to be built in four lots of land with a total area of 17,467 square meters yielding 57,236 square meters of floor area.
$PHIL(ADE)🇻🇳2023-2025💎❤️ The Company has submitted a request for additional land close to the new Long Thanh International Airport to develop the Long Thanh Multi-Commodities Logistics Center (LMLC) pic.twitter.com/fs24XxPj1K
— HOANG VN (@hoangducvu8) February 27, 2023
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Currently trading at a $34 million market valuation PHIL os is 34,278,371,384. While PHI Group does carry $6 million in liabilities on the books which has caused significant dilution in the past PHIL is also a previous major runner that is now an SEC filer and according to the Company they are on the verge of closing the $250M investment package which will let the Company acquire KOTA, Tin Thanh and invest in the 51 hectares at Saigon Silicon City as well as advance the Asia Diamond Exchange project where the Company plans to develop a total area of 1,000 hectares adjacent to the Long Thanh International Airport for the ADE and the industrial park and logistics center. We will be updating on PHIL when more details emerge so make sure you are subscribed to Newsytrends.com by entering your email below.
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Disclosure: we hold no position in PHIL either long or short and we have not been compensated for this article.