Key Developments: PHI Group Inc (PHIL.PK)

PHIL.PK on OTC Markets Group

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25 Aug 2015
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Latest Key Developments (Source: Significant Developments)

PHI Group completes land acquisition for Florida Wood Pellet Project
Friday, 7 Aug 2015 08:30am EDT 

PHI Group Inc:Announces that the company has completed the acquisition of 10 acres of land from Klausner Holding, U.S.A., for the Cornerstone Biomass Corporation 200,000 MT wood pellet project in Live Oak, Suwannee County, Florida.  Full Article

PHI Group, Inc Announces Private Placement of $60 Million
Wednesday, 27 May 2015 08:30am EDT 

PHI Group, Inc:Files a form D with the Securities and Exchange Commission for a $60 million private placement.  Full Article

PHI Group to acquire majority ownership in CV Berkat
Friday, 15 May 2015 08:30am EDT 

PHI Group Inc:Signed an agreement to acquire a 70 pct ownership in CV Berkat Do'A Mama (BDM), an Indonesian company that owns a 6,200-hectare coal concession in Kapuas, Central Kalimantan, Indonesia.  Full Article

PHI Group Inc enters strategic alliances with Vietnamese
Tuesday, 12 May 2015 08:30am EDT 

PHI Group Inc:Has formed strategic alliances with Vietnam-based KHM Joint Stock Company and Singapore-based Primearth Resources Asia Pte Ltd.To supply sand and granite from the Central Vietnam to Singapore and Asian markets.According to agreement with KHM JSC, PHI Group, Inc. has the first right of refusal to supply up over 100 mln cubic meters of sand.And 40 mln cubic meters of granite by KHM JSC to Singapore and Asian markets over a period of five years. PHI Group has also partnered with Primearth Resources Asia to particularly cater to the Singapore market.  Full Article

PHI Group Inc signs agreements to set up Joint Venture wood pellet factories in Vietnam
Monday, 28 Jul 2014 11:15am EDT 

PHI Group Inc:Signed Memoranda of Understanding with two Vietnam-based wood processing companies to set up joint venture wood pellet factories in Central and Southern Vietnam.Says the initial proposed combined capacities for the joint venture wood pellet plants are scheduled for 400,000 MT per year.Intends to own a minimum of 51 pct equity interest in each the contemplated joint venture enterprises.  Full Article

PHI Group Inc to acquire majority interest in Nord Energy Co. Ltd
Thursday, 5 Dec 2013 01:16pm EST 

PHI Group Inc:Says it has signed a business cooperation and investment agreement in conjunction with a letter of intent to acquire a 65 percent equity interest in Nord Energy Co. Ltd (NE)., a Vietnam-based company with proprietary advanced light-emitting diode (LED) lighting systems.Says the company is conducting the due diligence review of NE and will enter into a definitive agreement for the closing of this transaction.Says it will pay the majority shareholders of NE a combination of cash and stock and will invest in NE to increase the production and sale of LED street lighting systems as well as launch its kinetic power supply products in Asia Pacific.  Full Article

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