News Focus
News Focus
icon url

sewer182

10/30/21 5:10 PM

#90169 RE: gemmerling #90163

Great find guy.

From that PR.

ADE will become the vibrant first-ever rough diamond exchange to be set up in the Asian Hemisphere and will be comparable to the diamond exchanges in Antwerp (Belgium)

Belgium is without a doubt The Grandaddy.

On another note, effective October 17, 2021 the Company signed a contract agreement with Haj Finance Group, a corporation registered in Ruwi, Muscat, Sultanate of Oman, for a loan financing program in the amount of $1,500,000,000 with a preferred interest rate for thirty-five years and a three-year grace period. The closing of this transaction is expected to occur shortly 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). We intend to use the funds to develop and construct the Asia Diamond Exchange and the Multi-Commodities Center in Vietnam, to finance selective projects in the areas of real estate, renewable energy, healthcare, and for investment opportunities in connection with our PHILUX Global Funds and other clients. A current report on Form 8-K was filed with the Securities and Exchange Commission on October 28, 2021:
icon url

crazy horse 0

10/30/21 6:25 PM

#90180 RE: gemmerling #90163

Excellent NASDAQ PHIL

This PR said the contract was signed. https://www.nasdaq.com/press-release/phi-group-inc.-and-tpp-holdings-group-inked-mou-to-cooperate-in-luxembourg-real

The next filing will most likely have the signed contract attached. You will see a definitive agreement signing next week for the construction of the ADE. The financing was the piece holding everything back now the ADE news flow will start to pick up. Also Henry is making sure his PR's are on NASDAQ because that is where they will eventually end up.