Exhibit No. 21.1
SUBSIDIARIES OF REGISTRANT
As of February 21, 2013, the Company has the following subsidiaries:
1) | PHILUX Global Funds SCA, SICAV-RAIF, a Luxembourg corporation |
Percentage of ownership: 100% | |
Business activity: Luxembourg bank master fund. | |
2) | PHI Luxembourg Development SA, a Luxembourg corporation |
Percentage of ownership: 100% owned by PHI Group, Inc. | |
Business activity: mother holding company for Luxembourg bank funds. | |
3) | PHI Luxembourg Holding SA, a Luxembourg corporation |
Percentage of ownership: 100% owned by PHI Luxembourg Development SA. | |
Business activity: holding company for participating shares in sub-funds of PHILUX Global Funds. | |
4) | PHILUX Global General Partner SA, a Luxembourg corporation |
Percentage of ownership: 100% | |
Business activity: holding management shares in PHILUX Global Funds. | |
5) | PHILUX Capital Advisors, Inc., a Wyoming corporation |
Percentage of ownership: 100% | |
Business activity: investment advisory and M&A consulting services. | |
6) | Philux Global Vietnam Investment & Development Co., Ltd., a Vietnamese limited liability company |
Percentage of ownership: 100% | |
Business activity: direct investments, consulting services | |
7) | Asia Diamond Exchange, Inc., a Wyoming corporation |
Percentage of ownership: 100% | |
Business activity: holding company for the Asia Diamond Exchange to be established in Vietnam. | |
8) | American Pacific Resources, Inc., a Wyoming corporation |
Percentage of ownership: 100% | |
Business activity: holding company for mineral and natural resources business (inactive). | |
9) | Philux Global Healthcare, Inc., a Wyoming corporation |
Percentage of ownership: 100% | |
Business activity: medical and healthcare business, startup. | |
10) | Empire Spirits, Inc., a Nevada corporation |
Percentage of ownership (to be determined). | |
Business activity: manufacturing and sale of American-made baijiu. | |
11) | Philux Fidelity Global Group, a Wyoming corporation |
Percentage of ownership: 100% | |
Business activity: holding company for acquisition of and collaboration with Tin Thanh Group Joint Stock Company, startup. | |
12) | Philux Global Trade Inc., a Wyoming corporation |
Percentage of ownership: 100% | |
Business activity: holding company for acquisition of Van Phat Dat JSC, startup. | |
13) | Philux Global Energy Inc., a Wyoming corporation |
Percentage of ownership: 100% | |
Business activity: holding company for acquisition of majority interest in Kota Construction LLC and Kota Energy Group LLC |