PHI Group, Inc. and Tin Thanh Group Sign Definitive Agreement for Collaboration to Execute Joint Venture Business Programs through New Subsidiary Philux Fidelity Global Group

New York, July 01, 2022 (GLOBE NEWSWIRE) -- PHI Group, Inc. (n/k/a Philux Global Group Inc., www.phiglobal.com, PHIL), a diversified holding company currently sponsoring PHILUX Global Funds (a group of Luxembourg bank funds), developing the Asia Diamond Exchange project (“ADE”) in Vietnam, engaging in mergers and acquisitions and investing in special situations (www.co2-1-0.io), is pleased to announce that Tin Thanh Group (TTG) (https://tinthanhgroup.vn/en/) and the Company signed a Definitive Agreement for Collaboration on June 30, 2022 to establish a new subsidiary Philux Fidelity Global Group (“PFGG”), a Wyoming corporation, as the parent company to carry out the scope of business cooperation previously covenanted.