Replies to post #101928 on PHI Group Inc (PHIL)

[Shallup]

Lol!!! Henry telling a Dubai Partner that has the CASH "if he didn't make it happen, he would give it to someone else."

Your post makes no sense.

[gemmerling]

Probably not these are some great terms. Hopefully Henry will give us an update on the loan next week.

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.

Source: https://www.sec.gov/Archives/edgar/data/0000704172/000149315221026574/form8-k.htm