PHI Group Inc (PHIL)

[Exit6]

Upcoming Catalyst #3 - Asia Diamond Exchange

Along with the establishment of PHILUX Global Funds, since March 2018 the Company has worked closely with the Authority of Chu Lai Open Economic Zone and the Provincial Government of Quang Nam, Vietnam to develop the Asia Diamond Exchange. Quang Nam Provincial Government has agreed to allocate over 200 hectares in the sanctioned Free-Trade Zone near Chu Lai Airport, Nui Thanh District, Quang Nam Province in Central Vietnam for us to set up a multi-commodities center which would include the Asia Diamond Exchange. However, a better opportunity arose with the start of construction of the new international airport in Long Thanh District, Dong Nai Province near Ho Chi Minh City in Southern Vietnam. In December 2020, the Vietnamese central government designated 1,200 hectares of land in Bau Can village, Long Thanh District, Dong Nai Province as a new industrial zone. We have applied for 600 hectares close to the Long Thanh International Airport to develop Long Thanh Multi-Commodities Logistics Center (LMLC) which will house the Asia Diamond Exchange, the proposed International Financial Center and an Urban Area, among other things.
https://sec.report/Document/0001493152-21-005812/

From cc presentation--

ACTION PLAN AND TIMELINE
Phase 1: Site preparation for the Chu Lai Multi-Commodities Center(CMC)

Phase 2: Initiate administrative and construction activities:
?Set up temporary offices in 2021
?Construct Diamond Bourse Building by 2022
?Establish financial facilitating network in 2021
?Start the CMCC and ADE trading in 2022
?Automate the one-stop set-up and registration process in 2022

Phase 3: Expansion of construction and development:
?Construct manufacturing buildings for cutting and polishing in 2022
?Continue development of the rest of CMCC after DMCC model

Also - presentation slides- https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164363238