- CEO
- Chong Chow Lee
- Sector
- Energy
- Industry
- Solar
- Address
- The Workstation Kuala Lumpur Hong Kong 58200
- IPO Date
- May 18, 2022
- Business
- Phoenix Plus Corp. (PXPC) operates as a Bitcoin financial services company, providing everyday banking and financial management solutions integrated with Bitcoin on a secure platform for individuals, businesses, and organizations worldwide; it maintains an active Bitcoin treasury strategy to support its ecosystem commitments. Through its subsidiary Rhino Digital Inc., the company offers core banking functions centered on Bitcoin accessibility, including traditional financial services adapted for cryptocurrency users. Incorporated in 2018 under Nevada laws and headquartered at 1200 Brickell Avenue #310, Miami, FL 33131, Phoenix Plus Corp. previously focused on solar power systems consultancy and green energy solutions in Malaysia via subsidiaries like Phoenix Plus International Limited and Phoenix Green Energy Sdn. Bhd., which provided renewable energy turnkey solutions encompassing engineering, procurement, construction, commissioning, financing, solar photovoltaic consulting, operation and maintenance services, commercialization of amorphous thin film solar panels and ancillary products, equipment supply such as PV module mounting systems and gutters, and seminars/training. In August 2025, the company completed a transformative merger with Rhino Digital Inc., resulting in a change of control as Rhino survived as a wholly-owned subsidiary; this transaction involved issuing 73,295,981 common shares and 200,000 Series A Preferred Stock shares granting 51% voting power to The Vantage Group Ltd., convertible at a 4.44:1 ratio with $3.00 stated value and liquidation priority, alongside conversion of Rhino's notes and options into company equity, resignation of prior CEO Lee Chong Chow, and appointment of Lyle Hauser as CEO, president, secretary, and director. Concurrently, Phoenix Plus Corp. divested its Malaysian renewable energy subsidiaries (Phoenix Plus Corp. Labuan group) to Lee Chong Chow for $1.00 pursuant to a Share Sale Agreement dated August 5, 2025, eliminating prior solar-related operations including investment holding and turnkey services; pro forma financials reflect this disposition's impact, with amended articles designating Series A Preferred Stock. Post-merger, the company pivots fully to cryptocurrency financial services under Hauser's leadership, leveraging his expertise in capital structure, financing, and mergers from Vantage private equity firm.