Philux Global Group Inc. | 10-Q: FY2025 Q3 Revenue: USD 0

PHI GROUP INC SEC 10-Q Report

PHI Group Inc has released its Form 10-Q report for the quarter ended December 31, 2024, showing no revenue and a net loss of $949,315. Total operating expenses decreased to $146,464. The company focuses on mergers and acquisitions, advancing Philux Global Funds, and developing the Asia Diamond Exchange in Vietnam. Future plans include closing financing agreements, advancing the Philux Global Select Growth Fund, and commercializing geomagnetic energy technologies. The report highlights the company's operational strategy and subsidiary activities.

Philux Global Group expediting closing of $3 billion Joint Venture and $5 billion Private Investor Contract transactions.

On January 17, 2025, PHI Group, Inc. (now known as Philux Global Group Inc., , PHIL) revealed plans to hasten the finalization of their biggest financing deals. These include a US$3 billion Joint Venture/Partnership Agreement and a US$5 billion Private Investor Contract Partnership Agreement, as recorded in Form 8-K filings with the Securities and Exchange Commission on August 22, 2022, and January 16, 2025. The company is actively working to expedite the closure of these significant transactions.

Philux Global Group to Expedite Closings of Largest Financing Transactions | PHIL Stock News

Philux Global Group Inc. is expediting the closing of two major financing transactions: a $3 billion Joint Venture Agreement and a $5 billion Private Investor Contract. The funds will be used for projects in Vietnam and the USA, including the Asian Diamond Exchange and geomagnetic energy technology. The Asian Diamond Exchange aims to create a trading center for diamonds in Vietnam, while the energy technology focuses on sustainable energy solutions. The company is addressing delays in smaller financing packages and is committed to closing these significant agreements soon.