Businessweek

PHI Group, Inc., through its subsidiaries, provides financial consultancy and merger and acquisition (M&A) advisory services in the United States and internationally. The company is involved in various business activities, such as consulting and merger and acquisition advisory services, real estate and hospitality development, mining, natural resources, energy, and investing in special situations. Subsidiaries PHI Capital Holdings, Inc. PHI Capital Holdings, Inc. provides financial products and services for the micro-small cap arenas and manages the company's proprietary M&A activities. It focuses on the underserved segment of smaller companies. Providential Vietnam Ltd. The company's wholly owned subsidiary, Providential Vietnam Ltd., provides M&A advisory services, financial and management consulting, corporate restructuring, and investment banking services to companies in Vietnam. Philand Ranch Limited and Philand Corporation Philand Ranch Limited focuses on the development of the real estate program in Chu Lai, Central Vietnam, and housing in Hanoi and Ho Chi Minh City. Philand Corporation manages the real estate development project in Vietnam. The company has entered into a principle agreement with the People’s Committee of Quang Nam Province, which allows the company to lease approximately 8,000 acres of land in South Hoi An, Quang Nam Province, Vietnam to develop an integrated tourism zone. PHI Gold Corporation and Tricon Gold Corporation PHI Gold Corporation focuses on gold mining business. Tricon Gold Corporation focuses on exploitation and processing diatomite mines. In 2011, PHI Gold Corporation acquired Maisy Mae Mining Inc., which is engaged in a placer mining business in the Yukon Territory, Canada in connection with a mine known as the Maisy Mae Creek Mine. Providential Energy Corporation Providential Energy Corporation focuses on independent oil and gas business, as well as alternative energy business, such as fuel cells and biodiesel. PHI Oil and Gas, Ltd. PHI Oil and Gas, Ltd., a Singapore public company limited, focuses on oil and gas business. History The company was founded in 1992. It was formerly known as Providential Holdings, Inc. and changed its name to PHI Group, Inc. in 2009.