";s:4:"text";s:4854:" Both companies are going to be appraised by Grant Thornton. Stock raising, agriculture, wine production and fruit growing are important occupations. "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 to Acquire Majority Interest in a Profitable Vietnamese Plastic Manufacturing CompanyThe closing of this transaction would qualify for upgrading to the Nasdaq Stock MarketNew York, NY, July 25, 2018 (GLOBE NEWSWIRE) -- PHI Group, Inc., () (OTCQB: PHIL), a U.S. diversified holding company focused on mergers and acquisitions and investments in natural resources, energy, agriculture and special situations, today announced that it has signed an agreement to acquire a majority interest in an undisclosed profitable Vietnamese plastic manufacturing company (the “Target”) that has been in business for more than seventeen years, with last year’s revenues of approximately $46.2 million and EBITDA of $3.7 million, respectively.According to the agreement, PHI Group will form a wholly owned subsidiary “American Pacific Plastics, Inc.” as the special purpose vehicle to hold the majority interest in the Target and will pay for the transaction with PHI Preferred Stock.
"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 to Acquire 51% in a Joint Venture with Filipino Regent Blockchain Group to EngageNew York, NY, July 23, 2018 (GLOBE NEWSWIRE) -- PHI Group, Inc., () (OTCQB: PHIL), a U.S. diversified holding company focused on mergers and acquisitions and investments in natural resources, energy, agriculture and special situations, today announced that it has signed an agreement with Regent Blockchain Group, Ltd., a Filipino company, to form a joint venture company to develop and operate an offshore financial center and blockchain businesses, including but not limited to Apps, ICO’s and cryptocurrency exchanges. The GILDEX Coins will be available to the public in the next few weeks.The Company is considering options to provide meaningful rewards to our shareholders in the coming months when American Pacific Resources has reached certain significant milestones.Henry Fahman, Chairman and CEO of PHI Group, stated:” We are excited to take advantage of the blockchain technology to deliver significant value for consumers and investors by bridging the gap between gold producers and end users. Currently, only Cagayan Economic Zone Authority (CEZA) has such authority under FTSOVC Business Rules and Regulations of 2018 towards the joint venture for the operations of the offshore financial center and blockchain businesses.Allen Wu, Chairman and CEO of Regent Blockchain Group, Ltd., stated: “We look forward to working with PHI Group, its Vietnam-based partner Fintech Green Investment JSC and other international participants to fast-track the development of the offshore financial center and blockchain businesses and believe that these could become a multi-billion dollar business in the next few years.”Henry Fahman, Chairman and CEO of PHI Group, concurred: “We are delighted to work with Regent Blockchain Group on these major initiatives and are ready to embark on some imminent projects that can immediately create very significant value for the joint venture, thanks to the combined strengths with our partners.”) primarily focuses on mergers and acquisitions and invests in select industries and special situations that may substantially enhance shareholder value. "New York, NY, Jan. 26, 2018 (GLOBE NEWSWIRE) -- PHI Group, Inc., (With respect to the cannabis industry, since the Company’s announcement regarding PHI EZ Water’s products (In addition, the Company has been working on a number of crucial projects in the recent months which can potentially transform the company in extraordinary ways in the very near future, including institutional bank funds, cross-border acquisitions, and burgeoning hot industries such as blockchain and crytocurrencies, etc. ";s:7:"keyword";s:10:"phil stock";s:5:"links";s:4881:"Arizona Bark Scorpion,
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