PHI Group Inc (PHIL)

[gemmerling]

We need to wait until the filing today to get all the specifics. Go $PHIL

Today's 8K

1. Loan Agreement between Neok Financial Incorporated and PHI Group, Inc.

Effective November 14, 2021 the registrant signed a loan agreement deed with Neok Financial Incorporated, a corporation organized under the existing laws of United Arab Emirates, with its office address located at Trade Center Road, Bur Dubai, Dubai, United Arab Emirates for a loan program in the amount of $2,000,000,000 which carries a fixed preferred rate of annual interest for thirty-five years, to be repaid on a monthly basis over a period of 420 months.

The closing of this transaction is subject to having met certain administrative and legal requirements by the United Arab Emirates, the signing of the closing documents and compliance with international laws for a transaction of this type.

The registrant intends to use the funds from this loan program for a variety of investment opportunities, including but not limited to the Asia Diamond Exchange, the Multi-Commodities Center, selective projects in the areas of real estate, infrastructure, renewable energy, healthcare, and agriculture in Vietnam in connection with PHILUX Global Funds SCA, SICA-RAIF, a group of Luxembourg bank funds sponsored by the registrant.

https://www.sec.gov/Archives/edgar/data/704172/000149315221029505/0001493152-21-029505-index.htm


The previous 8K

1. Financing Agreement between Haj Finance Group and PHI Group, Inc.



Effective October 17, 2021 the registrant signed a contract agreement with Haj Finance Group, a corporation registered in Oman, Hatat House Ground Floor, Ruwi, Muscat, Sultanate of Oman, for a financing program in the amount of $1,500,000,000 which carries a fixed preferred rate of annual interest for thirty-five years with a three-year grace period. The closing of this transaction is to occur after the registration of a Special Purpose Vehicle (SPV) within United Arab Emirates, the signing of the closing documents and the approval of the transfer of funds by the Central Bank of United Arab Emirates (CBUAE). The registrant intends to use the funds for the establishment of the Asia Diamond Exchange and the Multi-Commodities Center in Vietnam, for financing selective projects in the areas of real estate, renewable energy, healthcare, and for other investment opportunities in connection with PHILUX Global Funds SCA, SICA-RAIF, a group of Luxembourg bank funds sponsored by the registrant.

https://www.sec.gov/Archives/edgar/data/704172/000149315221026574/form8-k.htm