We feel that there is a substantial
short position in this stock . This holding company is
undervalued and recently hired Grant Thornton Vietnam
to evaluate several merger partners . Mergers and
acquisitions will drive these shares forward
We expect short
covering activity to begun shortly.
Speculative and serious investors should immediately place these shares on their
BUY LIST and watch carefully for upward movement
Latest News Releases
- PHI Group Signs Agreement to
Acquire Majority Interest in Saigon Pho Palace JSC -
- PHI
Group Acquires 51% of Vinafilms JSC with Preferred Stock -
- Southeast Asia Capital Group Signs Contracts to Provide Copper to
Vietnam -
-
PHI Group Engages Grant Thornton Vietnam Ltd. for Valuation of Vinafilms
JSC -
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PHI Group Signs Agreement to Acquire Majority Interest in Saigon Pho
Palace JSC
New
York, Oct. 17, 2018 (GLOBE NEWSWIRE) -- PHI Group, Inc. (www.phiglobal.com)
(OTCQB: PHIL), a U.S. diversified holding company focused on mergers
and acquisitions and investments in select industries and special
situations, today announced that the Company has signed an agreement
to acquire a fifty-one percent equity interest in Saigon Pho Palace
Joint Stock Company (“SGP”) and plans to pay for the transaction
with Preferred Stock of PHI Group, Inc. or a promissory note that
may be convertible into shares of a subsidiary of the Company.
According to the agreement,
SGP, its majority shareholder(s) and the Company will enter into a
stock swap agreement to exchange 51% of SGP’s stock for Preferred
Stock of PHI Group or for a promissory note that may be convertible
into shares of a PHI Group’s subsidiary which will be set up as the
holding company for the acquisition. The amount of Preferred Stock
of PHI Group or the value of the convertible note to be issued for
the exchange of the equity interest in SGP will be based on the
results of a valuation of SGP’s business by a professional,
independent appraisal firm. SGP will also engage a PCAOB-registered
accounting firm to audit its financial statements and expects to
provide information about its historical operating results according
to Generally Accepted Accounting Principles (GAAP) within sixty
days.
The Company will form a
wholly owned subsidiary as the special purpose vehicle to hold the
majority interest in SGP and, subject to meeting all necessary
compliance requirements, file a registration statement with the U.S.
Securities and Exchange Commission to take this subsidiary public in
the US Stock Market in the future to create a platform for SGP’s
growth and expansion.
SGP Palace (www.saigonphopalace.com)
has an excellent track record in the field of hospitality,
construction and real estate investment and is currently developing
a number of prominent projects in Ho Chi Minh City and other
locations in Vietnam. It has been successfully operating a chain of
restaurants that cater to wedding banquets and convention events and
plans to build thirty-five more restaurants of this type by 2025. It
is estimated that this market segment in Vietnam generates
approximately $8 billion in revenue a year. In addition, SGP also
has plans to build new chains of 50 “SGP Bulkoki” restaurants by
2025 and 200 “SGP X-N Coffee” shops by 2027.
Quy Minh Le, Chairman and
General Director of SGP Palace, stated: “ We are very pleased to
collaborate with PHI Group to access international capital markets
to further our growth and expansion. We strongly believe that with
proper financial resources we would be able to capture 20-30% of
this $8 billion market segment in the next five to seven years and
create very significant value for our shareholders.”
Henry Fahman, Chairman and
CEO of PHI Group, said, “We are delighted to partner with SGP’s
talented, professional and responsive leaders and look forward to
bringing about substantial benefits for both companies in the near
future.”
Recently, the Company also
released a corporate video highlighting the Company’s growth plans.
To watch the video, click here: https://youtu.be/J1WwdFV3w9k
To Receive TEXT ALERTS on
PHI Group Inc. TEXT “ PHIL " to 522-36 or Complete Web
Form
About PHI Group, Inc.
PHI Group (www.phiglobal.com)
primarily focuses on mergers and acquisitions and invests in select
industries and special situations that may substantially enhance
shareholder value. In addition, the Company’s wholly owned
subsidiary, PHI Capital Holdings, Inc. (www.phicapitalholdings.com)
provides M&A consulting services and assists companies to go public
and access international capital markets. We have also been working
diligently to launch a Luxembourg Reserved Alternative Investment
Fund (RAIF) plus several sub-funds and developing an Asia Diamond
Exchange in Vietnam together with international partners.
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.
Source: GlobeNewswire (October 17, 2018 - 2:40 PM EDT)
PHI Group Acquires 51% of Vinafilms JSC with Preferred Stock
New York,
NY September 25, 2018 -- PHI Group,
Inc. (www.phiglobal.com)
(OTCQB:
PHIL),
a U.S. diversified holding company focused on mergers and acquisitions
and investments in select industries and special situations, today
announced that the Company has signed an agreement to acquire 51% of
Vinafilms Joint Stock Company (www.vinafilms.com.vn)
with Preferred Stock of PHI Group, Inc.
According to the Stock Swap
Agreement dated September 20, 2018 between the Company and Vinafilms’
majority shareholder, PHI Group will issue 50 million shares of its
Class A Series III Preferred Stock in exchange for 51% of Vinafilms JSC.
This transaction is scheduled to close by the end of September 2018.
Vinafilms has been in business for
more than 13 years and generated about $25 million in revenues and
$765,000 in EBITDA in 2017. It has recently installed a German
state-of-the-art plastic film processing system and will add two more of
these to meet the growing domestic and international demand for its
products. Vinafilms also plans to enter a joint venture with a leading
Vietnamese plastic bag manufacturing company with an aim to bring
combined revenues to over $150 million per year by the end of 2019. PHI
Group’s management believes the acquisition of Vinafilms should enable
PHIL to qualify for an uplist to the Nasdaq Stock Market in the very
near future.
PHI Group
will use its wholly owned subsidiary American Pacific Plastics, Inc. as
the special-purpose vehicle to hold the 51% interest in Vinafilms and
plans to file a registration statement with the Securities and Exchange
Commission for it to become a separate, fully reporting, publicly traded
entity, which should help facilitate financing Vinafilms’ growth and
accelerate its rollup strategy. PHI Group has recently engaged Grant
Thornton Vietnam Ltd. (www.grantthornton.com.vn.)
to conduct an independent valuation to determine the fair-market value
of Vinafilms JSC.
Vinafilms provides a
variety of plastic film products, including PE film macromolecules, PE
films, polyester and polyprolylene films, metalized films, etc. for use
in construction, food packaging, textile products, pharmaceuticals, and
many other goods. These films include many types of coatings, such as
silicone, adhesive, pre-mask, corona, print treatments, and others for
labels, printing, and flexible packaging purposes. Vinafilms’ customers
include many reputable and loyal Vietnamese and international companies
such as Saigon Plastic Packaging Co., KyVy, Huhtamaki, I.S., Vinamilk (https://www.vinamilk.com.vn/en),
Tribeco (http://tribeco.com.vn/en/),
Trieu Chen Co. Ltd., Friesland Campina, Tong Yuan Packaging Co., and
PepsiCo (https://suntorypepsico.vn/).
Henry
Fahman, Chairman and CEO of PHI Group, stated: “We expect to close this
transaction before month’s end and believe that the consolidated
operating results from this acquisition should have a very positive
impact on our company going forward.”
Ms. Do
Thi Nghieu, chairperson and majority shareholder of Vinafilms JSC, said:
“We believe by joining forces with PHI we will be better positioned to
tap the U.S. and international capital markets and take advantage of our
combined strengths to implement both organic growth and acquisition
plans for Vinafilms in the near future.”
About PHI
Group, Inc.
PHI Group (www.phiglobal.com)
primarily focuses on mergers and acquisitions and invests in select
industries and special situations that may substantially enhance
shareholder value. PHI Group also provides M&A and consulting services
through its wholly owned subsidiary, PHI Capital Holdings, Inc. (www.phicapitalholdings.com).
To receive TEXT ALERTS on PHI Group Inc.,
text
"PHIL"
to 522-36 or
complete Web
Form
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.
Henry Fahman
info@phiglobal.com
Southeast Asia Capital Group Signs Contracts to Provide Copper to
Vietnam
New York, NY, Sept. 24, 2018 (GLOBE NEWSWIRE) -- PHI Group, Inc. (www.phiglobal.com)
(OTCQB: PHIL),
a U.S. diversified holding company focused on mergers and
acquisitions and investments in select industries and special
situations, today announced that Southeast Asia Capital Group, Inc.,
(“SEA Capital Group”) a Nevada company established in 2004 and
engaged in finance, international trade and project investment, has
signed a contract with a Vietnam-based company to provide 5,000 MT
of copper sheets per month to Vietnam for the next twelve months
after the initial trial shipment of 3,000 MT.
According to the contract, the price for each shipment will be based
on international market price (LME) at the time of shipment minus a
fixed discount percentage agreeable to both the buyer and SEA
Capital Group. Delivery will be CIF, buyer’s terminal port. The
source of the copper is from Republic Democratic of Congo.
Richard Phan, Chairman of Southeast Asia Capital Group, stated: “ We
are very pleased to enter this contract with our Vietnamese buyer
and expect to generate a meaningful stream of income and profits for
the Company as soon as the first shipment begins.”
About
Southeast Asia Capital Group, Inc.
Southeast Asia Capital Group is a Nevada company established in
2004. The Company is engaged in finance, international trade and
commercial projects with potential for high returns on investment.
About PHI
Group, Inc.
PHI Group (www.phiglobal.com)
primarily focuses on mergers and acquisitions and invests in select
industries and special situations that may substantially enhance
shareholder value. PHI Group also provides M&A and consulting
services through its wholly owned subsidiary, PHI Capital Holdings,
Inc. (www.phicapitalholdings.com).
PHI Group currently owns a minority interest in SEA Capital Group.
To Receive TEXT ALERTS on PHI Group Inc. TEXT " PHIL " To 522-36 or
complete Web
Form
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.
PHI Group Engages Grant Thornton Vietnam Ltd. for Valuation of Vinafilms
JSC
New York, NY, Sept. 13, 2018 (GLOBE NEWSWIRE) -- PHI Group, Inc. (www.phiglobal.com)
(OTCQB: PHIL),
a U.S. diversified holding company focused on mergers and
acquisitions and investments in select industries and special
situations, today announced that the Company has engaged Grant
Thornton Vietnam Ltd. to conduct an independent valuation to
determine the fair-market value of Vinafilms Joint Stock Company (www.vinafilms.com.vn),
a Vietnamese plastic manufacturing company of which PHI Group has
signed an agreement to acquire a majority interest.
Vinafilms, a profitable privately-owned Vietnamese company that has
been in business for more than thirteen years, has recently
installed a German state-of-the-art processing system and will add
two more of these to meet the growing domestic and international
demand for its products. Vinafilms also plans to engage in a joint
venture with a plastic bag manufacturing company to bring combined
revenues to over $150 million per year by the end of 2019. PHI
Group’s management believes the acquisition of Vinafilms should
enable PHIL to qualify for an uplist to the Nasdaq Stock Market in
the very near future.
PHI Group will use its wholly owned subsidiary “American Pacific
Plastics, Inc.” as the special purpose vehicle to hold the majority
interest in Vinafilms and plans to file a registration statement
with the Securities and Exchange Commission for it to become a
separate publicly traded entity, which should help facilitate
financing Vinafilms’ growth and accelerate its rollup strategy.
Grant Thornton is ranked as one of the top six firms in all major
markets and has member firms with 40,000 people in over 130
countries worldwide, which audit more than 2,500 listed companies
and work with some of the world’s largest organizations. Grant
Thornton (Vietnam) Ltd. has been operating since 1993, when it was
the second international accounting firm to receive a license in
Vietnam, and it is the only foreign firm with a business valuation
license issued by the Vietnamese Ministry of Finance. Website: www.grantthornton.com.vn.
Henry Fahman, Chairman and CEO of PHI Group, stated: “We are pleased
to engage the service of Grant Thornton Vietnam to assist us in
determining a fair value for our transaction with Vinafilms. We also
eagerly look forward to working with Vinafilms’ talented and
professional management and capitalizing on our combined strengths
to create substantial value for shareholders of both companies
following the closing of this acquisition.”
About PHI
Group, Inc.
PHI Group (www.phiglobal.com)
primarily focuses on mergers and acquisitions and invests in select
industries and special situations that may substantially enhance
shareholder value. PHI Group also provides M&A and consulting
services through its wholly owned subsidiary, PHI Capital Holdings,
Inc. (www.phicapitalholdings.com).
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.
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