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Friday, February 21, 2020 2:08:49 PM
New York, NY, Jan. 23, 2019 (GLOBE NEWSWIRE) -- PHI Group, Inc. (www.phiglobal.com) (OTCQB: PHIL), a U.S. diversified holding company focused on mergers and acquisitions and investments in select industries and special situations, today announced that it has successfully established “PHI LUXEMBOURG DEVELOPMENT S.A.” as the mother holding company for PHILUX GLOBAL FUNDS that will initially hold subfund compartments for investment in agriculture, green energy, real estate, and a diamond exchange center in Vietnam.
The Company wishes to thank our structuring agent Mr. Ben Smet and the legal experts at DLP Law Firm Sarl for their help and support in achieving this important milestone and looks forward to the full activation of the subfund compartments in the coming weeks.
https://www.otcmarkets.com/stock/PHIL/news/PHI-Group-Establishes-Mother-Holding-Company-for-Luxembourg-Bank-Funds?id=216270
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