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Replies to post #114055 on PHI Group Inc (PHIL)
mythical_phenix
02/08/23 3:56 PM
#114057 RE: Shallup #114055
NOTE 16 – SUBSEQUENT EVENT These financial statements were approved by management and available for issuance on or about November 19, 2021. Subsequent events have been evaluated through this date. 1. AMENDMENTS TO STOCK TRANSFER AGREEMENT WITH TIN THANH GROUP The Company and Tin Thanh Group amended the Stock Transfer Agreement mentioned above on October 3, 2022, November 11, 2022, December 15, 2022, January 15, 2023 and most recently January 30, 2023 to further extend the Closing Date of this transaction to a future date that is acceptable to both parties. According to the latest amendment, Tin Thanh Group will incorporate Tin Thanh America Company in the US to implement the Smart-tire Leasing Program and will include Mr. Henry Fahman as a director/officer in this company. In addition, after the closing of the Stock Transfer Agreement, Mr. Quyen Dinh Tran and Mr. Henry Fahman will serve as co-chairmen of Tin Thanh Group and Philux Global Group Inc.