PHI Group Inc. (n/k/a Philux Global Group Inc.) announced that its partner Tin Thanh Group and the Company have signed an agreement to strategically cooperate with PetroVietnam Marine Shipyard JSC in order to increase marine and general building activities. According to the agreement, PetroVietnam Marine Shipyard (“PVMS”) will increase charter capital to allow Tin Thanh Group and Philux Global Group to become its strategic and majority shareholders. The companies will deploy their collective resources to expand PVMS's scope of business and undertake major offshore and onshore, domestic and international projects that may be substantially beneficial for all parties, including but not limited to ship-building, yacht-building, drilling rigs, refineries and petrochemical plants, power plants, wind farms, ship dismantlement, Tin Thanh Group's waste-to-energy plants and multiple processing facilities as well as Philux Global Group's Asia Diamond Exchange project, industrial logistic zone and multi-commodities center in Vietnam.