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2013-12-06

PHI Group to Acquire Majority Interest in LED and Kinetic Power Supply Technology Company

PHI Group, Inc. announced that the Company has signed a business cooperation and investment agreement in conjunction with a letter of intent to acquire a 65% equity interest in Nord Energy Co. Ltd. ("NE"), a Vietnam-based company with proprietary advanced light-emitting diode (LED) lighting systems that can save 80% of electricity compared to traditional sodium lights.
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