Partnership with Tho Xuan Duong JSC (“TXD”) to cultivate medicinal plants:
The Company has signed a Master Business Cooperation Agreement with Tho Xuan Duong Joint Stock Company (“TXD”), a Vietnamese company recognized by Guinness World Records with nearly four centuries of history in Vietnamese traditional medicine and herbs, to assist TXD in the promotion and advertisement of TXD’s history, brand and traditional medicinal products and treatments on a global basis. PHI Group will cooperate with TXD to build and develop raw material areas, preliminary and full-scale processing facilities for herbal medicines, and herbal medicine tourism area in Sapa, Lao Cai Province, Northern Vietnam, as well as set up manufacturing facilities and/or establish strategic alliances with pharmaceutical production and distribution companies in Europe, the United States, the Middle East, Central and South America, Africa and other selective geographical areas.
About Tho Xuan Duong:
Following the tradition of nearly four centuries starting with Mr. Phung Van Duong since the Le Dynasty Medical Institute in Vietnam through sixteen generations, Tho Xuan Duong is the oldest traditional medicine company in Vietnam recognized by Guinness World Records. The Company provides prized herbal medicinal products and treatments for a wide variety of diseases. It has treated patients from over a hundred countries around the world. TXD is in the process of developing additional raw material areas, preliminary and full-scale processing facilities for herbal medicines, and herbal medicine tourism area in Sapa, Lao Cai Province, Northern Vietnam. Website: www.thoxuanduong.com