PHI Group Inc. (OTCMKTS: PHIL) Management Increase Ownership In The Company

Operation Vala Zonke launched in Northern Cape

The Premier of the Northern Cape, Dr Zamani Saul, together with the MECs for Roads and Public Works, Ms Fufe Makatong, and Transport, Safety and Liasion, Ms Nomandla Bloem, joined by a team from SANRAL led by the Regional Manager, Mr Randal Cable, today launched the roll out of the provincial leg of Operation Vala Zonke. This is a national campaign aimed at repairing potholes.

Response to a Social Media post of a patient living with a disability waiting for a file

South Africa: Limpopo department of health has noted the story circulating on social media of a patient living with disabilities waiting for a file at Siloam Hospital.

Dominica continuously making new investments in education sector

Roseau, Dominica: The government of Dominica is making a new investment in the education sector without taking any break. The goal of the Caribbean country is to prepare youngsters for the future and utilize the new, modern technologies in order to advance the sector.

Official opening of Eastern Cape Arts Exhibition

South Africa: The Eastern Cape Arts Exhibition opened today at the Nelson Mandela Metropolitan Art Museum in St. George's Park.

PHI Group Inc. (OTCMKTS: PHIL) has announced that its management has increased its ownership stake in the company. The company is currently implementing PHILUX Global Funds, a Luxembourg bank funds group, and building the Asia Diamond Exchange.

PHI Group Management acquires more interest

According to corporate resolutions of the Board of Directors of PHI Group, dated March 12, 2012, November 02, 2012, and March 12, 2021, Henry Fahman, the company’s Chief Executive Officer, converted $550,000 in accumulated and unpaid salaries from September 30, 2004, to March 31, 2009, into around 114.673 million shares of restricted Common Shares of the Company on August 25, 2021. In addition, Tina Phan, the company’s Treasurer and Corporate Secretary, converted $217,500 in accumulated and unpaid salary from September 30, 2004, to March 31, 2009, into 45.348 million shares of the company’s restricted Common Shares.

Fahman stated, “Our commitment to PHI Group and to PHIL shareholders has never been stronger; we strongly believe in future success for our company and stand firm by our long-term shareholders. After years of laying the groundwork, PHI Group is ready to capitalize on those efforts with many exciting and cutting-edge ventures, including the Luxembourg bank funds, the first-ever Asia Diamond Exchange, and other initiatives which will potentially bring significant benefits to our shareholders as well as all other stakeholders around the world.”

PHI Group to acquire 70% stake in Five Grain

The company entered a memorandum of understanding to purchase a 70% stake in Five Grain Treasure Spirits Co Ltd. Five Grain is a firm with more than a hundred years of tradition across Jilin Province in China. This acquisition will offer substantial value for Phi Group shareholders. 

Five-Grain VP Jimmy Wang said, “By partnering with PHI Group and having access to international capital sources, we are confident we will be able to accelerate our execution to meet our growth targets and become a major player in this sector.”

Operation Vala Zonke launched in Northern Cape

The Premier of the Northern Cape, Dr Zamani Saul, together with the MECs for Roads and Public Works, Ms Fufe Makatong, and Transport, Safety and Liasion, Ms Nomandla Bloem, joined by a team from SANRAL led by the Regional Manager, Mr Randal Cable, today launched the roll out of the provincial leg of Operation Vala Zonke. This is a national campaign aimed at repairing potholes.

Response to a Social Media post of a patient living with a disability waiting for a file

South Africa: Limpopo department of health has noted the story circulating on social media of a patient living with disabilities waiting for a file at Siloam Hospital.

Dominica continuously making new investments in education sector

Roseau, Dominica: The government of Dominica is making a new investment in the education sector without taking any break. The goal of the Caribbean country is to prepare youngsters for the future and utilize the new, modern technologies in order to advance the sector.

Official opening of Eastern Cape Arts Exhibition

South Africa: The Eastern Cape Arts Exhibition opened today at the Nelson Mandela Metropolitan Art Museum in St. George's Park.

Deputy Minister Nocawe Mafu congratulates Team SA on pocketing more medals at the 2022 Commonwealth Games

Birmingham (UK): Team South Africa added four more medals to their collection at the ongoing Commonwealth Games in Birmingham on Saturday.

Female law enforcement officers kick off women’s month with special operations

South Africa: 3816 (Three thousand eight hundred sixteen) vehicles were checked, and 184 traffic fines were issued at roadblocks conducted by 238 female law enforcement officers and other stakeholders across the five municipal districts in the province.