# PHI Group to acquire 51% of Vinafilms Joint Stock Company

PHI Group, Inc. filed a certificate of amendment to designate preferred stock to prepare for the closing of its acquisition of 51% of Vinafilms Joint Stock Company. The transaction is scheduled to close by the end of September 2018.

- Type: Acquisition
- Announced: 2018-09-27
- Where: Vietnam
- Status: announced
- Products: plastic films
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [PHI](https://endata.com/companies/13477.md) (acquirer)
- [Vinafilms Joint Stock Company](https://endata.com/companies/34562.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2018/09/27/1577242/0/en/phi-group-designates-preferred-stock-to-prepare-for-the-closing-of-vinafilms-acquisition.html), 2018-09-27: "PHI Group will issue 50 million shares of its Class A Series III Preferred Stock in exchange for 51% of Vinafilms JSC."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.