PHI Capital Holdings Advises Vietnam-based Asia Green JSC in M&A Strategy and Going Public in the U.S. Stock Market - kcentv.com - KCEN HD - Waco, Temple, and Killeen

PHI Capital Holdings Advises Vietnam-based Asia Green JSC in M&A Strategy and Going Public in the U.S. Stock Market

Posted: Updated:

NEW YORK, NY and HANOI, VIETNAM / ACCESSWIRE /  March 31, 2014 / PHI Capital Holdings, Inc., a wholly owned subsidiary of PHI Group, Inc. (www.phigroupinc.com) (OTCQB:PHIL) (OTCMarkets:PHIL), today announced that it has signed an agreement to provide M&A advisory services to Asia Green Joint Stock Company, a Vietnamese company, and to assist Asia Green in becoming a fully reporting public company in the United States stock markets.

Asia Green JSC is engaged in afforestation and reforestation activity in Vietnam, particularly specializing in planting Paulownia trees for timber, producing carbon credits as a byproduct and growing bananas as an intermediate crop which can generate revenues for the company in the near term. 

Asia Green JSC has signed a Letter of Intent to effectuate a business combination agreement with Touchlink Communications, Inc., a spin-off majority owned subsidiary of PHI Group, Inc., whereby Touchlink Communications will acquire 95% of Asia Green JSC.  Touchlink Communications will change its name to Asia Green Corporation, a Nevada corporation, and file a registration statement with the U.S. Securities Commission to become a fully reporting company and serve as the holding company for agroforestry and reforestation programs in Vietnam and Southeast Asia. PHI Group, Inc. will hold a minority interest in Asia Green Corporation after the proposed business combination.  

Danny Hung Tieu, President of Touchlink Communications, said, “We are delighted with the prospect of combining Asia Green JSC and Touchlink and turning the new company into a publicly traded vehicle in the U.S. stock market to facilitate financing and allow international investors to participate in our agroforestry and reforestation program.”

Safe Harbor:

This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995.

About Asia Green JSC

Asia Green JSC is a Vietnam-based company focused on growing and consulting management of various agroforestry and reforestation projects for both private and government interests in the South-East Asia region. Asia Green JSC is in the process of consummating a business combination with Touchlink Communications, Inc. to become a new publicly traded company in the U.S. stock market.  Reference website: www.asiagreencorp.com

About PHI Capital Holdings and PHI Group, Inc.

PHI Capital Holdings (www.phicapitalholdings.com), a wholly owned subsidiary of PHI Group, Inc., is engaged in M&A advisory services, corporate finance, project financing and corporate turnaround. Targeting both conventional and renewable energy, PHI Group, Inc. invests in energy-related assets and other natural resources, cooperates with international partners to develop independent power plant projects, and provides renewable energy technologies in conjunction with select industry partners. In addition, the company is engaged in trading activity involving coal, oil, precious metals and other industrial commodities.  Website: www.phigroupinc.com

Contact:

Henry Fahman

+1-702-475-5430

info@phigroupinc.com

SOURCE: PHI Capital Holdings, Inc.

 

ReleaseID: 413713

  • Latest NewsMore>>

  • Appeals Panel Strikes Down Virginia Gay Marriage Ban

    Appeals Panel Strikes Down Virginia Gay Marriage Ban

    Monday, July 28 2014 1:46 PM EDT2014-07-28 17:46:11 GMT
    A federal appeals court panel in Virginia became the second one this summer to strike down a state ban against same-sex marriage Monday, making it more likely that the Supreme Court will settle the issue as early as next year.The three-judge panel of the U.S. Court of Appeals for the Fourth Circuit in Richmond ruled 2-1 that gay men and lesbians have a constitutional right to marry that is paramount to state marriage laws.The circuit court has jurisdiction over Virginia, Maryla...More >>
    A federal appeals court panel in Virginia became the second one this summer to strike down a state ban against same-sex marriage Monday, making it more likely that the Supreme Court will settle the issue as early as next year.The three-judge panel of the U.S. Court of Appeals for the Fourth Circuit in Richmond ruled 2-1 that gay men and lesbians have a constitutional right to marry that is paramount to state marriage laws.The circuit court has jurisdiction over Virginia, Maryla...More >>
  • Early Morning Accident Shuts Down I-35 North of Waco

    Early Morning Accident Shuts Down I-35 North of Waco

    Monday, July 28 2014 1:17 PM EDT2014-07-28 17:17:07 GMT
    An overnight accident on I-35 has northbound and southbound lanes backed up near mile marker 346.  More >>
    An overnight accident on I-35 has northbound and southbound lanes backed up near mile marker 346.  More >>
  • Boil Water Notice for Communities in Temple

    Boil Water Notice for Communities in Temple

    Monday, July 28 2014 1:14 PM EDT2014-07-28 17:14:00 GMT
     The Moffat Water Supply Corporation has issued a boil water notice for customers living in all areas of Lakeaire Circle, Deck Dr. and Lakeaire Blvd. and Tiller and Lakeaire Blvd.People in these areas need to boil their water before consumption. This is due to crews connecting an existing water line to a newly constructed main water line on Lakeaire Blvd. Water used for any consumption should be brought to a rolling boil, then boiled for two minutes. This is to make sure any harmful ...More >>
     The Moffat Water Supply Corporation has issued a boil water notice for customers living in all areas of Lakeaire Circle, Deck Dr. and Lakeaire Blvd. and Tiller and Lakeaire Blvd.People in these areas need to boil their water before consumption. This is due to crews connecting an existing water line to a newly constructed main water line on Lakeaire Blvd. Water used for any consumption should be brought to a rolling boil, then boiled for two minutes. This is to make sure any harmful ...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KCEN. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.