PHI GROUP, INC - PHIL STOCK NEWS

PHI Group has signed an agreement with HHT Global Co. Ltd. to establish a PHILUX Global Subfund focused on agriculture in Vietnam. The fund will prioritize growing sorghum for its subsidiary, Empire Spirits, and the Five-Grain Treasure Spirits distillery. HHT Global will contribute capital and hold 49% ownership of the general partner's share. The collaboration aims to tap into the lucrative baijiu market, with projected revenues of $3.5 billion and net profits of $1.6 billion within two years. This partnership positions PHI Group favorably within the growing agricultural sector in Vietnam.

PHI Group, Inc. has signed agreements to acquire 50.10% of both Kota Energy Group LLC and Kota Construction LLC for a total of $64.125 million, effective January 26, 2022. This acquisition aims to enhance PHI's growth potential in the solar energy sector. KOTA aims to generate up to $1 billion in revenue within the next year, leveraging its competitive advantages in solar solutions. The expected closing date of these transactions is within 45 days from the agreement date, illustrating PHI's aggressive expansion strategy.

PHI Group, Inc. has announced the launch of its VERISEALED bag program through its subsidiary, Vinafilms International, Inc., targeting the global food and beverage industry. This program aims to produce over one billion tamper-evident bags annually, with a potential increase to ten billion. The bags will be provided free to participating restaurants and will incorporate a blockchain-crypto rewards system using the SEALD token. The company estimates the program could generate over $200 million in net profits per year.

PHI Group, Inc. (PHIL) has announced a Memorandum of Understanding (MOU) between its subsidiary, CO2-1-0 (CARBON) Corp., and SUNDIAL RENEWABLES CORP. to develop a disruptive carbon mitigation program. The collaboration aims to acquire carbon credits from renewable energy projects, digitalizing them into Carbon Tokens using blockchain technology. Both companies, led by their respective CEOs, emphasize the importance of this partnership for advancing carbon credit solutions and supporting Canada’s net-zero carbon target. The CARBON token private sale has commenced, inviting qualified investors.

PHI Group announced that its founding member, CMC Holdings, has raised US$ 1.5 million in a co-founder round. The funding will accelerate the development of a comprehensive digital ecosystem aimed at meeting global consumer needs. CMC Holdings aims for an IPO target of US$ 300 billion by 2027, following a roadmap of seven investment rounds. Innovations will include platforms for coding assets, digital banking, and an auction e-commerce service. PHI Group's Chairman expressed excitement about supporting CMC's vision, which aligns with their ongoing initiatives, including the Luxembourg bank funds and Asia Diamond Exchange.

PHI Group announced its partnership with CMC Holdings to develop a digital economy ecosystem after CMC raised US$1.5 million in a recent co-founder round in Vietnam. CMC's ecosystem will feature platforms like Hyperas Chain, Pindias, and Rapital Bank. The roadmap includes seven funding rounds, targeting an IPO of at least US$50 billion by 2027. PHI Group aims to enhance shareholder value through collaboration with CMC Holdings while pursuing its initiatives in Luxembourg bank funds and the Asia Diamond Exchange.

PHI Group has announced a partnership between its subsidiary CO2-1-0 (CARBON) Corp. and Indonesian PT Mega Hydro Energi to launch a carbon mitigation initiative. The collaboration intends to acquire and digitalize carbon credits from the Tunggang hydroelectric power plant in Indonesia, with a projected output of 600,000 carbon credits, equivalent to 600,000 CARBON Tokens. This program aims to support Indonesia's net-zero carbon objectives using blockchain technology. Qualified investors are invited to participate in the CARBON token private sale starting December 1, 2021.

PHI Group, Inc. (PHIL) has signed an Agreement to acquire a 70% ownership in Five-Grain Treasure Spirits Co., Ltd. for $100 million. This acquisition aims to create substantial value for stakeholders and leverage Five-Grain's expertise in producing Baijiu, a popular spirit in China. The deal involves three payment tranches, with closing expected by September 18, 2022. Five-Grain has patented technology for growing high-quality sorghum, aiming for $3.5 billion in revenues and $1.6 billion in net profit annually within two years, positioning PHI Group for significant growth in the spirits market.

PHI Group, Inc. has signed a consulting agreement with Vietnam's Cat Tuong Agricultural Processing Production Co. Ltd. (CT Farm) to assist in its public listing on the U.S. Nasdaq and establish production facilities in the U.S. Under this agreement, PHI will help CT Farm secure up to $1 billion in long-term financing. CT Farm is known for its advanced agricultural production and exports a variety of fruits. Both companies aim to create shareholder value through this collaboration.