PHI Group Inc (PHIL)

[iamnottheone]

PHIL news this morning:

PHI Group Employs AQuarius Power Technology for Yen Bai Province Renewable Energy Project

2017-09-21 08:30 ET - News Release

NEW YORK, Sept. 21, 2017 (GLOBE NEWSWIRE) -- PHI Group, Inc., (www.phiglobal.com) (OTCQB:PHIL), a company focused on mergers and acquisitions and investments in natural resources, energy, agriculture and special situations, announced today that the Company, in conjunction with Vietnam-based Hung Vuong Export Import and Construction JSC (“HVJSC”), has given notice to the Provincial People’s Committee of Yen Bai Province, Vietnam, to replace the previously contemplated kinetic energy and employ AQuarius Power, Inc.’s (“AQP”) systems for the renewable power plant project in Yen Binh District, Yen Bai Province. In addition, the Company has also notified the Provincial People’s Committee that the project would be staged into two phases of 60-MW’s each.

PHIL has invested in AQP to become a strategic shareholder and will continue making additional investments in the near future. PHIL and AQP have also agreed on the exclusive right to sublicense, sell, build, own and/or operate the AQP energy systems in Vietnam.




https://www.stockwatch.com/News/Item.aspx?bid=U-z6950021-U%3aPHIL-20170921&symbol=PHIL®ion=U