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.
Philux Global Group Inc. (a/k/a PHI Group, Inc., PHIL) generates a broad range of corporate news tied to its activities as a diversified holding and investment company. Company announcements highlight developments in PHILUX Global Funds SCA, SICAV-RAIF, progress on the Asia or Asian Diamond Exchange projects in Vietnam, energy and geomagnetic technology initiatives, and mergers and acquisitions and advisory mandates.
News items frequently cover financing transactions and investment commitments, including joint venture and private investor partnership agreements the company intends to use for projects in Vietnam and the United States. Updates on the Asian Diamond Exchange describe plans for a modern diamond bourse, Diamond Buildings in a Free Trade Zone, and coordination with an International Financial Center and logistics and industrial developments.
Another major theme in PHIL news is energy and emissions-related technology. Releases discuss Philux Global Energy, Inc. and its "Multi-Impulse Energy System" based on geomagnetic and photon self-sustainable energy concepts, cooperation with SSE Group JSC on proprietary self-sustainable energy systems, and distribution agreements for geomagnetic energy products in markets such as Malaysia. These stories often emphasize goals of improving fuel efficiency, providing "pure energy" solutions, and mitigating global greenhouse gas emissions.
Investors can also find coverage of M&A advisory and sector partnerships, such as Philux Capital Advisors’ consulting agreement with Cavico Vietnam Company Ltd. for restructuring and U.S. listing plans, and business cooperation agreements with Saphia Alkali JSC and other Vietnam-based partners in healthcare, agriculture, aquaculture, and infrastructure. For readers tracking PHIL, this news feed offers a single place to follow the company’s fund activities, project milestones, strategic alliances, and capital markets engagements over time.
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PHI Group, through its subsidiary CO2-1-0 (CARBON) CORP., has appointed TitaThy Nguyen as the new Executive Member of the Advisory Board. Nguyen, Chairman of the Vietnam World Energy Council and President of the Vietnam Green Energy Network, brings extensive experience in energy project management. CEO Choky YF Simanjuntak stated her expertise will enhance strategies for carbon market and climate change initiatives, while Chairman Henry Fahman noted her role in navigating new climate regulations in Vietnam. This move aligns with Vietnam's commitment to achieve net-zero carbon emissions by 2050.
On April 22, 2022, CO2-1-0 (CARBON) CORP., a subsidiary of PHI Group (PHIL), launched its CO2 token on DigiFinex to support sustainability initiatives. The token has achieved a weekly trading volume of over $25 million, with a price range of $0.15 to $0.52. CEO Choky YF Simanjuntak expressed optimism about market response despite volatility. The carbon credit market is highlighted as a significant future investment, potentially rivaling oil and gold. Credit Suisse has noted carbon as an emerging asset class, further driving interest in carbon markets.
PHI Group, Inc. (PHIL) has signed a strategic agreement with the Vietnam – International Entrepreneur Networking Club (VIENC) on April 29, 2022. This collaboration aims to support Vietnamese enterprises in accessing international capital to foster sustainable growth and post-pandemic recovery. Key initiatives include establishing an Emerging Growth Fund, enhancing leadership training, assisting with public listings on international exchanges, and contributing to the Asia Diamond Exchange project. This partnership opens new opportunities for Vietnamese entrepreneurs in the global market.
PHI Group has scheduled a Shareholder Update Conference Call for April 22, 2022, at 5:00 PM EST. The company announced the effective listing of its subsidiary, CO2-1-0 (CARBON) CORP, on the DigiFinex Digital Assets Exchange, starting at 11:00 AM Singapore time the same day. CO2-1-0 aims to leverage blockchain technology to create a new carbon market, emphasizing sustainability and environmental impact. In conjunction with the listing, multiple promotional events will take place, offering rewards for new users and staking opportunities. CEO Choky YF Simanjuntak expressed enthusiasm for attracting green investors.
PHI Group, Inc. announces the launch of the first U.S. distilled USDA organic baijiu through its subsidiary, Empire Spirits, in partnership with Five-Grain Treasure Spirits. This ultra-premium product will be made from organic sorghum sourced from Kansas and distilled in California. Given the global baijiu market worth over USD 83 billion, this venture aims to capitalize on increasing demand for international goods among Chinese consumers.
Empire Spirits targets a lucrative niche in a rapidly growing market, believing their softer-tasting baijiu will appeal to international consumers.
PHI Group has entered into an agreement with Ngoc Thien Phu Rice Export Import JSC to engage in the PHILUX Global Food Fund (PGFF). Under this partnership, NTP will invest capital to establish the fund, acquiring 49% ownership of the general partners’ portion. The PGFF aims to explore agricultural investment opportunities in Vietnam and beyond. NTP brings over 20 years of experience and has secured a direct rice export quota from Vietnam. The collaboration aims to enhance food security and improve living standards for Vietnamese farmers.
PHI Group, Inc. successfully concluded a U.S. Department of Commerce trade mission in Dubai and Abu Dhabi from March 28 to March 30, 2022. This mission aimed to connect U.S. fund managers with international investors, highlighting PHILUX Global Funds and investment prospects in Vietnam. The trade mission provided access to key investors and finance executives from the UAE, further establishing PHI Group's presence in the region. The first real estate subfund of PHILUX Global Funds will target major projects, including the Asia Diamond Exchange and various infrastructure developments.
PHI Group, Inc. (PHIL) has announced a partnership through a Memorandum of Understanding (MOU) with SEI BALAI GREEN ENERGY (SBGE) for a carbon mitigation program. The focus is on acquiring carbon credits from biogas power plants and renewable energy projects. These credits will be digitalized into Carbon Tokens employing blockchain technology, IoT, and Six Sigma methodology. The collaboration aims to support Indonesia's transition to a low-carbon future, with an upcoming token Initial Exchange Offering planned for April 22, 2022, coinciding with Earth Day.
PHI Group, Inc. (PHIL) announced a Strategic Cooperation Agreement with Mekong Delta Group to jointly develop large-scale projects across key sectors in Vietnam. The collaboration focuses on real estate, energy, environment, agriculture, and finance. Notable projects by Mekong Delta Group include urban and renewable energy developments. Additionally, PHI Group is progressing on its Asia Diamond Exchange project and other significant initiatives in Vietnam, while also pursuing ongoing financing for acquisitions. The firm aims to enhance shareholder value through targeted investments.