Welcome to our dedicated page for PHI GROUP news (Ticker: PHIL), a resource for investors and traders seeking the latest updates and insights on PHI GROUP stock.
Founded in 1982, PHI Group, Inc. is a U.S. publicly traded company (trading symbol: PHIL) primarily focusing on energy and natural resources. The company develops a portfolio of energy assets in Southeast Asia, provides renewable energy solutions, and invests in natural resources. PHI Group is also involved in mergers and acquisitions (M&A;) advisory and consulting services through its subsidiary PHI Capital Holdings, Inc., and participates in international trade.
PHI Group has announced the signing of a Memorandum of Understanding (MOU) with Solar EVN Ngoc Chau to develop a carbon mitigation program utilizing blockchain technology. The partnership aims to acquire carbon credits from projects in Vietnam.
The anticipated demand for carbon credits may increase dramatically due to climate change agreements, with a potential market value exceeding $50 billion by 2030. Investors are invited to participate in a private sale of CARBON tokens starting December 1, 2021.
PHI Group has announced a significant partnership through its subsidiary CO2-1-0 (CARBON) Corp with SuperGreen Solutions to initiate a carbon mitigation program. This collaboration is focused on acquiring carbon credits from SuperGreen's projects and transforming them into digital Carbon Tokens using blockchain and IoT technologies. The deal aims to enhance financial support for sustainable projects in various sectors, responding to growing demand for carbon credits, which is projected to increase significantly by 2030. A Zoom call is scheduled for November 24, 2021, to discuss further details.
PHI Group, Inc. (PHIL) has signed a Business Cooperation Agreement with Digital Solutions Company, Ltd. in Vietnam to develop technical solutions across various sectors, including real estate and energy. Digital Solutions will assist CO2-1-0 (CARBON) CORP in launching a carbon mitigation initiative and support PHI Group in advancing the Asia Diamond Exchange. Both parties aim to leverage technology for sustainable investments, with expectations of significant shareholder value creation.
PHI Group has announced a significant $1.5 billion loan financing program with Haj Finance Group to support its operations, focusing on the development of the Asia Diamond Exchange (ADE) in Vietnam. In partnership with TPP Holdings Group, PHI aims to construct the ADE as part of the Global Multi-Commodities Center. The project is expected to enhance the diamond trade in Asia. The loan features a 35-year term with a three-year grace period, intended for various projects including real estate and renewable energy.
PHI Group has announced the launch of the Asia Diamond Exchange (ADE) token in South Korea, aimed at enhancing transparency and fair pricing in the diamond industry. By utilizing blockchain technology, the ADE token will help in preventing counterfeiting and provide consumers with better pricing for diamonds and jewelry. The tokens will be deflationary, with profits set to buy back and burn tokens. The ADE, located in a Free-Trade Zone in Vietnam, seeks to establish itself as a key player comparable to diamond exchanges in Antwerp and Dubai. This initiative promises to benefit various stakeholders in the diamond trade.
PHI Group has signed a Memorandum of Understanding (MOU) to acquire a 70% stake in Five Grain Treasure Spirits Co., Ltd., a company with over 100 years of tradition in China. The total investment for this acquisition is valued at $100 million and will occur in three tranches. Upon completion, Five-Grain aims to produce 200 million liters of spirits per year, targeting over $600 million in annual revenue. This strategic move is expected to enhance shareholder value significantly.
PHI Group, Inc. recently announced management's substantial increase in stock ownership. CEO Henry Fahman converted $550,000 in unpaid salaries into 114,672,922 shares of restricted Common Stock. Tina Phan, Corporate Secretary, converted $217,500 into 45,347,928 shares. This conversion reflects the company's commitment to enhancing shareholder value through initiatives like the PHILUX Global Funds and the Asia Diamond Exchange in Vietnam. Management expressed strong belief in the company's future prospects.
PHI Group announced that Chairman and CEO Henry Fahman increased his stock ownership by converting a $500,000 loan into 103,279,112 shares of restricted common stock, boosting his investment in the company. Fahman expressed strong commitment to shareholders and optimism about future growth, particularly regarding the PHILUX Global Funds and the Asia Diamond Exchange in Vietnam. This move signifies confidence in the company's ongoing and upcoming ventures aimed at enhancing shareholder value.
PHI Group has signed a Letter of Intent with Indonesia's CYFS Group to establish CO2-1-0 (CARBON), a carbon mitigation initiative promoting environmentally sustainable projects across Indonesia and other ASEAN countries. PHI Group will invest a significant portion of the development budget for a 50.1% ownership in CO2-1-0 (CARBON). The initiative aims to leverage blockchain technology to enhance the carbon credit market, which is projected to grow significantly, potentially reaching up to $50 billion by 2030. This aligns with global efforts to combat climate change and enhance shareholder value.
PHI Group invites investors to attend its real-time presentation at the Emerging Growth Conference on June 23, 2021. CEO Henry Fahman will present at 12:30 PM Eastern Time, followed by a Q&A session. This conference aims to facilitate interaction between the company and the investment community, allowing questions to be addressed directly.
The event will be accessible via a registration link, and an archived webcast will be available for those unable to attend live.
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