PHI Group Inc (PHIL)

[sdhunter11]

Please don't skip over this if anything read the last question at bottom of the page. I've read several years back on this board but sometimes it's hard to know what a new DD discovery is like the DHR one which I wouldn't have had a clue if I didn't msg DJ.

The SPP case sold capital to PHI Group 51% according to the explanation, whoever followed the SPP will probably know it.

At the same time last year, PHI Group had almost an agreement to buy 51% of SPP from an existing group of SPP shareholders. Perhaps also for the reason of negotiating with this partner, SPP has opened foreign room to 100%.

Form 8k Vinafilms Agreement

Link contract signed

Termination agreement

Offically DD info fuk I can't run this pos IHUB last big DD post here

Yep linky I hate Ihubs forum system - feel like I'm in the 20s

At the same time, at this time, PHI Group's side announced the plan after purchasing Vinafilms is By the end of 2019 (ie at present), will continue to cooperate with a leading plastic packaging company in Vietnam to merge to form a company with potential sales up to 150 million US $.

l The next question is which company is this company? Vinafilms' revenue is only about US $ 25 million, so the other company must be a company with a potential revenue of up to US $ 100 million to add up to a potential of nearly 150 million as PHI said. SPP revenue in recent years is only about 50 million US $. So is that company SPP? - In fact, while almost signing with SPP, PHI announced that the sales potential of SPP could reach 100 million USD if SPP was funded to complete the Long An project.
Quote the link below for everyone's reference: no clue insert tag here so it works

In short, everything seems to be going right. The plan that PHI has proposed:
1 / Buy Vinafilms
2 / a. Plan at the end of 2019 to buy another X plastic packaging company to merge with Vinafilms to create a company with sales of 150 million US $
b. Who is this company X is unknown, but this company X must have sales of US $ 100 million or more. c. It is known that SPP has a sales potential of US $ 100 million if the Long An project is completed d. SPP and Vinafilms are family => deduce a very high possibility that this company is SPP 3 / At this point, near the end of 2019, SPP announced that it is negotiating with its main strategic partner, PHI. => So almost determined that 99.99% of the company with the $ 100 million sales that PHI mentioned is SPP
4 / Recently there have been many changes in leadership at SPP => The possibility of the deal closing and just waiting for publication. Based on the above information, let you evaluate for yourself how much of the real / virtual PHI - SPP deal. Personally, SPP is a very good company - capable of processing complex packaging products. Mr. Thai CEO is both a doctor of science and a MBA MBA, and has built up one of the top packaging companies in Vietnam (top 8-10 market share). The company has had good sales growth over the years, and despite its small margin, is still profitable. Then there is no reason why the value is below par. The main problem of SPP is financial problem, just need to pump money to settle debts with banks, finance working capital and build new factories, SPP will change its appearance 100% right away. Of course this depends on whether the M&A is successful or not. According to the above analysis, the brothers self-assess and make decisions.

Failure in the factory project of 1,200 billion VND with BIDV and Mitsui In 2019, the company plans to expand production and invest in a Saplastic factory in Long An with a total investment of 1,200 billion VND, the most modern in the East. South Asia. However, the plan to build the factory did not come true due to the change from banks and investors. “BIDV promised to issue bonds of 600 billion dong to c to implement the factory project in Long An, but then the bank unilaterally terminated the commitment. Since then, Japanese investor Mitsui did not agree to continue to plan to buy controlling shares and contribute capital of 600 billion dong. In addition, BIDV also requested Saplastic to have a roadmap to reduce the loaning rate from 450 billion VND to 300 billion VND ”, written explanation by Saplastic. To overcome the difficulties, Saigon Plastic Packaging said it had worked with SCB bank to raise capital for the project. This bank promised to grant a limit of 150 billion dong but slowly disbursed and disbursed only 130 billion dong. The incident caused the company to mobilize all available financial resources to implement the project contract. Therefore, the company said that there is no longer financial resources to serve production and business activities, pay debts and interest, and reinvest in production. At the end of 2019, the company has debt and interest at many banks such as the balance at BIDV is 399 billion dong, Agribank is 50 billion dong, HDBank is more than 35 billion dong, Indovina is nearly 30 billion dong, NCB is nearly 130 billion dong ...




Okay - I have a few questions - Has this been discussed by the longs before?
If answer is yes then Ignore the rest but look at last question at bottom to make sure.

1. Here is the board of management for SPP 31/12/2020 - link yep yeppers

2. There is two people from the board of SPP on the APP board - One who is obvious - from Vinafilms Nghieu Thi Do
Second - Thai Quoc Duong --- Did he leave SPP and move to Vinafilms? or is there still a connection betweeen SPP and Phil?
Basically we know what company they have been talking about in old PR of Vinafilms to increase Rev and that is imo SPP.

2. So is there any connection here
Wtf does this mean ---- Bao JSC Saigon Plastic Packaging (SPP): Mr. Duong Quoc Thai, Vice Chairman, registered to sell all 1,253,700 shares (ratio 4,999%). The transaction is expected to take place from September 30 to October 25, 2019.

Did he sell out before Bankruptcy hearings? and switch to Vinafilms? Why is this guy involved in APP? June 2019 streetview shows there is activity at the plant/building --- this was prior to April of BC. End of may the companies shares started to trade again on the
- On May 29, 2020, the first day the stock was traded on UPCoM with the reference price of 400 dong / share.

Is this Henry's big surprise or am I pushing it? Also Vinafilms shareholders have a choice to dilution or wait for APP to go public and convert their shares to APP.

So is the noteholders for Vinafilms transaction done?

There could have been a gab between bankruptcy and acquisition of SPP... I was thinking may be this was a new addition that will be reported in late 2020 Qs.

About to send my source to see if this business is operating as via streetview it is prior to BC. We plan to call the company tonight.











SO DO WE KNOW IF VINAFILMS --- Have they converted to Phil or have they waited for APP?