* Zoom conference call with CMC Holdings management scheduled for February 10, 2022
New York, Jan. 27, 2022 (GLOBE NEWSWIRE) — PHI Group, Inc. (www.phiglobal.com, PHIL), a US company currently engaged in PHILUX Global Funds (a group of Luxembourg banking funds), the Asia Diamond Exchange (“ADE”) project in Vietnam, mergers and acquisitions and investments in special situations (www.co2-1 -0.io), is pleased to announce that Vietnamese start-up CMC Holdings, of which PHIL is a founding member, successfully raised $1.5 million in a co-founders’ round in Hanoi the last week and will accelerate the development of a digital ecosystem across multiple platforms to meet the needs of billions of consumers around the world (https://vir.com.vn/cmc-holdings-secures-a-15-million- investment-90866.html).
With a roadmap of 7 investment cycles: co-founder, angel, series A, B, C, PE and IB, CMC Holdings has taken its first step towards the IPO goal of US DOLLARS$ 300 billion by 2027. Other Vietnamese startups with a market valuation of more than US$1 billion include VNPay (https://vnpay.vn/), MoMo (https://momo.vn/) and VNG (https: //en.wikipedia.org/wiki/VNG_Corporation)
CMC Holdings’ digital ecosystem will include Hyperas Chain – a specialized platform for encoding assets, Pindias – a transaction management platform for digital asset logs, Divega – an e-commerce platform for digital assets. auctions and Rapital Bank – a digital banking service available at all times. Divega is the SIB (Social Impact Business) model. The project not only offers a place to trade genuine goods, limited goods at “incredible” prices under the lowest bid, but the proceeds will be used for the society’s charity.
According to the plan, CMC Holdings will roll out these major initiatives in 2022 and 2023, with coding assets, auction platforms and digital banking.
CMC Holdings has invested a lot of time looking at the market and long-term business models. From the beginning, CMC Holdings has focused on solving social problems and sustainable development. It attaches great importance to social values and focuses on the basic vital areas of this world.
The co-founders who are also business owners and individual investors successfully raised the first round of investment. Most investor selections are based on a deep understanding of the value of the digital economy to the market, as well as ample evidence of successful companies over time.
Mr. Tran Nam Chung, Chairman of CMC Holdings, believes that the expansion of the digital economy is clear when discussing the business plan. It affects retail, e-commerce, fintech, AI, virtual reality, augmented reality, blockchain, etc. Furthermore, he believes that having game-changing ideas, along with a self-sustaining and expanding ecosystem to meet the growing needs of consumers, is a sufficient condition for these opportunities to materialize. CMC Holdings, in particular, must establish and use the crucial leverage: funding, branding and technology, in order to achieve sustainable growth.
Henry Fahman, Chairman and Chief Executive Officer of PHI Group, Inc., reiterated, “We are delighted to partner with and assist CMC Holdings in this ambitious program to generate potentially significant value for shareholders of both companies. While continuing to carry out our major initiatives regarding our Luxembourg bank funds, the development of the Asia Diamond Exchange, blockchain-crypto technology projects, mergers and acquisitions, etc., we also participate in unique special situations like this- ci to create additional value for our shareholders. ”
Please join us for a discussion with CMC Holdings management on February 10, 2022:
Subject: Zoom conference on the management of CMC Holdings
Time: February 10, 2022 at 10:00 a.m. EST (US and Canada)
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Meeting number: 417 780 6661
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About CMC Holdings
CMC Holdings, a Vietnam-based company, was founded on the global business ambition of its founders who have rich experience in investment, restructuring and cross-border project development.
CMC was inspired by connecting a community of skilled entrepreneurs in the new millennium economic field, and the company attaches great importance to social values and focuses on areas vital to the rapidly changing world in a new era. digital.
It’s a team of qualified personnel, advisors, CEOs, CMOs… all of them have many years of experience in the fields of restructuring, mergers and acquisitions, marketing and corporate management.
The founding partners include PHI Group (USA), and the principal individuals are Mr. Tran Nam Chung and many other associates. Aura Capital is the strategic player in Vietnam.
About PHI Group
PHI Group (www.phiglobal.com, PHIL) primarily focuses on the advancement of PHILUX Global Funds, a group of Luxembourg banking funds organized as the “Reserved Alternative Investment Fund” (“RAIF”), and the construction of the Asia Diamond Exchange (“ADE”) In Vietnam. The Company also engages in mergers and acquisitions and invests in selected industries and special situations that can significantly increase shareholder value.
Safe Harbor Act and forward-looking statements
This press release contains “forward-looking statements” pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results or strategies and are usually preceded by words such as “may”, “future”, “plans” or “expected”, “shall” or “should”, “expected”, “anticipates”, “outline”, “possibly” or “planned” which are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements due to a variety of factors.
PHI Group, Inc.
Email: [email protected]