Phi Group Inc - PHIL STOCK NEWS

Philux Global Group (PHIL) announces efforts to expedite closing of two major financing transactions: a $3 billion Joint Venture/Partnership Agreement and a $5 billion Private Investor Contract Partnership Agreement. The funds will be primarily used for investments in Vietnam and USA projects, focusing on the Asian Diamond Exchange (ADE), International Financial Center (IFC), and geomagnetic energy technology.

The ADE will be established as a modern bourse in Ho Chi Minh City, featuring both rough and lab-grown diamond trading, affiliated with the World Federation of Diamond Bourses. The project includes Diamond Buildings within a Free Trade Zone, modeled after major global diamond exchanges.

The company's Philux Global Energy division is developing a Multi-Impulse Energy System utilizing Schumann magnetic resonance and lightning energy from the ionosphere. The technology offers advantages including weather independence, compact size, electromagnetic compatibility, zero emissions, and wireless power transmission capabilities.

Philux Global Energy (PHIL) has signed a Memorandum of Understanding with Koastal Eco Industries to distribute geomagnetic energy products in Malaysia. The technology utilizes Schumann magnetic resonance and lightning energy from the ionosphere, featuring advantages such as weather independence, compact size, and zero emissions. This initiative aligns with Malaysia's new renewable energy target of 70% in the power mix by 2050, requiring investments of MYR637bn (US$143bn). The country's energy demand is projected to grow at 2.1% annually, reaching 69 Mtoe by 2035, with the industrial sector accounting for 38% of consumption.

Philux Global Energy (PGE), a subsidiary of Philux Global Group (PHIL), has signed an MOU with Ecome International Co. (EIC) to distribute geomagnetic energy products in Thailand, initially focusing on industrial zones. PGE's technology utilizes Schumann magnetic resonance and lightning energy from the ionosphere, featuring a Multi-Impulse Energy System that operates independently of weather conditions, requires minimal space, and produces no greenhouse gas emissions.

The partnership aims to address Thailand's industrial power needs, where industrial electricity consumption under PEA and MEA reached 51,361 GWh (48.3%) and 7,533 GWh (19.6%) respectively in the first eight months of 2024. The solution promises reliable, uninterrupted power while significantly reducing costs and environmental impact.

PHI Group, now known as Philux Global Group (PHIL), has filed a Provisional Patent Application with the United States Patent and Trademark Office for its innovative 'Multi-Impulse Energy System.' This system aims to enhance energy efficiency and reduce greenhouse gas emissions by utilizing geomagnetic energy. Philux Global Energy, a subsidiary, will commercialize this technology to produce generators and engines for various vehicles. Key features include compact size, no greenhouse gas emissions, and wireless power transmission. The technology also uses AI and IoT to optimize energy production and distribution, ensuring greater efficiency and flexibility in the global energy market.

PHI Group, Inc. (Philux Global Group Inc., PHIL) announces a Consulting Service Agreement with Cavico Vietnam Company Ltd. to provide consulting services, assist with restructuring, M&A, and listing plan for going public in the U.S. Stock Markets, particularly the Nasdaq Stock Market. Philux Capital Advisors will provide services including realigning, restructuring, and recapitalizing Cavico Vietnam Co., preparing for a public listing, arranging financing, and providing ongoing advisory and consulting services.

PHI Group, Inc. (PHIL) has signed an Agreement for Comprehensive Cooperation with Eng. Dat Minh Doan, a geomagnetic and quantum physics expert, to jointly cooperate in applying Mr. Doan’s proprietary inventions to exploit the earth's available geomagnetic energy. The agreement includes the use of Philux Global Energy, Inc., a Wyoming corporation and wholly-owned subsidiary of Philux Global Group, Inc., as the operating company to commercialize energy-related products based on the results of Eng. Doan’s 40 years of proprietary research and developments. The distinctive advantages of this 'Pure Energy' system include not depending on weather conditions, no waste or greenhouse gas emissions, no heat or noise generation, easy know-how protection with quantum encryptions, and easy setup for wireless power transmission systems with huge capacity without heat loss at close range. Eng. Doan will serve as the Chief Technology Officer of Philux Global Energy, Inc. and transfer intellectual properties related to energy generation and energy storage using the earth's available geomagnetic energy to be patented jointly for commercialization. Philux Global Group, Inc. is committed to spinning off and listing Philux Global Energy, Inc. in the U.S. Stock Markets, particularly Nasdaq, within one year or as soon as possible based on the progress and growth of this subsidiary.

PHI Group, Inc. has signed a Business Cooperation Agreement with Saphia Alkali JSC to cooperate in financing, manufacturing, selling, and distributing Saphia Alkali’s proprietary alkali products on a worldwide basis. Philux Global Group and its affiliates will provide $300 million towards this enterprise and hold 40% ownership in Sapphire Alkali Global Group.

Philux Global Group (PHIL) announced a commitment to invest USD 500 million in the first phase of developing Saigon Silicon City in Vietnam's Saigon High Technology Park. The agreement outlines an initial disbursement of USD 50 million within 30 days to kickstart construction, with subsequent USD 50 million tranches released as needed. This investment is part of a larger plan utilizing USD 4.6 billion from committed international investors. The project aims to develop over 51 hectares for hi-tech companies, despite previous delays due to the pandemic. Philux anticipates this venture will create significant value for shareholders.