The million dollar handshake between Hoang Quan Gr
Post# of 4319
JULY 17, 2020
On July 14 in New York, PHILUX Capital Advisors, Inc., a wholly owned subsidiary of PHI Group, Inc., announced that it had signed a memorandum of understanding with Hoang Quan Group to cooperate fully in funding sectors, real estate and other investment opportunities in Vietnam.
According to the Memorandum of Understanding, PHILUX Capital plans to provide up to US $ 200 million (equivalent to VND 4,600 billion) to support many social housing projects and other real estate development programs including industrial parks. , ports and resorts that Hoang Quan Group is currently operating and developing.
Hoang Quan Real Estate signed a memorandum of cooperation worth 200 million USD with PHILUX Capital.
In addition, PHILUX Capital will also consult and support Hoang Quan Group in a comprehensive restructuring to access international capital markets and list securities on major foreign stock exchanges such as the United States.
Dr. Truong Anh Tuan, Chairman of Hoang Quan Group, commented: “ Cooperating with Philux Capital Advisors (of Phi Group USA) with strengths and international experience in restructuring and M&A in financial markets. and leading international securities.
Hoang Quan Group is very fortunate to be restructured as a "re-startup", to ensure resources and conditions to carry out its real estate development mission in Vietnam and reaching out abroad ... "
Currently, PHILUX Capital Advisors act as an Investment Advisor for PHILUX Global Funds SCA, SICAV-RAIF, a Luxembourg-based bank fund with many sub-funds to invest in real estate, agriculture, and renewable energy, healthcare and especially the Chu Lai Multi-Commodity Center (CMCC) and the Asian Diamond Exchange (ADE) in Chu Lai Open Economic Zone, Quang Nam Province.
Mr. Henry Fahman, Chairman of PHILUX Capital Advisors, stated: “ We look forward to leveraging the combined experience and expertise of both parties to serve the needs of the social housing program in Vietnam as well as shake hands. on other investment opportunities . ”
Mai Huong (T / H) / Intellectual Property
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