Thursday, January 27, 2022 12:41:23 PM
Corrections - Startup CMC Holdings Successfully Raised US$1.5 million in Co-founder Round to speed up developments, aiming for US$300 billion IPO target by 2027
January 27, 2022 09:30 ET | Source: PHI Group, Inc.
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* Zoom Conference Call with CMC Holdings’ Management Scheduled for February 10, 2022
New York, Jan. 27, 2022 (GLOBE NEWSWIRE) -- PHI Group, Inc. (www.phiglobal.com, PHIL), a U.S. company currently engaged in PHILUX Global Funds (a group of Luxembourg bank funds), the Asia Diamond Exchange project (“ADE”) in Vietnam, mergers and acquisitions and investing in special situations (www.co2-1-0.io), is pleased to announce that Vietnam-based startup CMC Holdings, of which PHIL is a founding member, successfully raised US$ 1.5 million in a co-founder round in Hanoi last week and will speed up the development of a digital ecosystem across several platforms to fulfil the needs of billions of consumers throughout the world (https://vir.com.vn/cmc-holdings-secures-a-15-million-investment-90866.html).
With a roadmap of 7 investment rounds: co-founder, angel, Series A, B, C, PE, and IB, CMC Holdings has met its first milestone towards the IPO target of US$ 300 billion by 2027. Other Vietnamese startup companies that have market valuation over US$ 1 billion include VNPay (https://vnpay.vn/) , MoMo (https://momo.vn/) and VNG (https://en.wikipedia.org/wiki/VNG_Corporation)
CMC Holdings' digital ecosystem will include Hyperas Chain - a specialized platform for coding assets, Pindias - a transaction management platform for digital asset logs, Divega - an auction e-commerce platform and Rapital Bank - a digital banking service available anytime. Divega is the SIB (Social Impact Business) model. The project not only gives a place to trade genuine good, limited goods at "unbelievable" prices under the lowest auction, but the profits will be used for society's charity.
According to the plan, CMC Holdings will roll out these major initiatives in 2022 and 2023, with coding assets, auction platforms, and digital banking services.
CMC Holdings has invested a significant amount of time examining the market and long-term business models. From the beginning, CMC Holdings has focused on solving social problems and sustainable development. It attaches great importance to social values and focuses on the vital core areas of this world.
Co-founders who are also business owners and individual investors successfully raised the first round of investment. Most investors' selections are based on a thorough grasp of the digital economy's value to the market, as well as extensive proof of successful enterprises over time.
Mr. Tran Nam Chung, Chairman of CMC Holdings, believes that the expansion of the digital economy is clear when discussing the business plan. It affects retail, e-commerce, fintech, AI, VR, AR, blockchain, and more. In addition, he believes that having breakthrough ideas, as well as a self-contained and expanding ecosystem to suit the increasing needs of consumers, is a sufficient condition for these opportunities to materialize. CMC Holdings, in particular, must establish and utilize the crucial leverage: finance, branding, and technology, in order to be successful in sustainable growth.
Henry Fahman, Chairman and CEO of PHI Group, Inc., reaffirmed: “We are delighted to collaborate with and assist CMC Holdings in this ambitious program to generate potentially significant value for shareholders of both companies. While continuing to fulfill our major initiatives regarding our Luxembourg bank funds, development of the Asia Diamond Exchange, blockchain-crypto technology projects, mergers and acquisitions, etc., we also participate in unique special situations like this to create additional value for our shareholders.”
Please join us for a discussion with CMC Holdings’ Management on February 10, 2022:
Topic: CMC Holdings Management Zoom Conference
Time: Feb 10, 2022 10:00 AM Eastern Time (US and Canada)
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Meeting ID: 417 780 6661
Passcode: cmcphi
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Source:https://www.globenewswire.com/news-release/2022/01/27/2374480/0/en/Corrections-Startup-CMC-Holdings-Successfully-Raised-US-1-5-million-in-Co-founder-Round-to-speed-up-developments-aiming-for-US-300-billion-IPO-target-by-2027.html
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