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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. 

Company Quote

27 Oct 2014