PHI Group’s Chairman Increases Stock Ownership in PHIL
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.
- Henry Fahman converted $500,000 of his loan into 103,279,112 shares, indicating strong personal investment.
- Fahman's increased ownership may enhance investor confidence in the company.
- Focus on launching the Luxembourg bank funds and the Asia Diamond Exchange presents growth opportunities.
- None.
New York, Aug. 20, 2021 (GLOBE NEWSWIRE) -- PHI Group, Inc. (www.phiglobal.com, PHIL), a company currently focused on implementing PHILUX Global Funds, a group of Luxembourg bank funds organized as “Reserved Alternative Investment Fund” (“RAIF”), and developing the Asia Diamond Exchange (“ADE”) in Vietnam, is pleased to announce that its Chairman and CEO Henry Fahman has substantially increased his stock ownership in the Company.
On August 19, 2021 Henry Fahman converted
Mr. Fahman stated, "My commitment to PHI Group and to PHIL shareholders has never been stronger, and my belief in future success for the company has never been brighter. After years of laying the groundwork, PHI Group is ready to capitalize on those efforts with many exciting and cutting-edge ventures, including the Luxembourg bank funds, the first-ever Asia Diamond Exchange, and the disruptive initiatives which we believe will bring tremendous benefits to our shareholders as well as all other stakeholders around the world. I look forward to the coming weeks, months and years, with great enthusiasm and determination to create the best results ever for our company, and to maximize our shareholder value."
About PHI Group, Inc.
PHI Group (www.phiglobal.com, PHIL) primarily focuses on advancing PHILUX Global Funds, a group of Luxembourg bank funds organized as “Reserved Alternative Investment Fund” (“RAIF”) (www.philux.eu), and building the Asia Diamond Exchange (“ADE”) in Vietnam. The Company also engages in mergers and acquisitions and invests in select industries and special situations that may substantially enhance shareholder value.
Safe Harbor Act and Forward-looking Statements
This news release contains “forward-looking statements” pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected,” which are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors.
Contact:
PHI Group, Inc.
+1-714-793-9227
info@phiglobal.com
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