PHI Group Inc. (OTCMKTS:PHIL) Stock Tanks: Company Acquires Majority Interest in Van Phat Dat Export Joint Stock Company
Philux Global Group Inc. (OTCMKTS:PHIL) announced on August 22, 2022, that it has signed an agreement to acquire 51% of Vietnam-based Van Phat Dat Export Joint Stock Company (VPD). As per the agreement, Philux Global Trade Inc., a Wyoming company and wholly-owned subsidiary of Philux Global Group, Inc., is set to buy 5,100,000 shares of Ordinary Stock of VPD which is equivalent to 51% of all the VPD’s issued and…