Planet Green Holdings Corp. Enters Into Share Exchange Agreement

Tuesday 14 December 2021, New York, NY.

Planet Green Holdings Corp. (the "Company") (NYSE: PLAG) announced that the company has signed an agreement with Anhui Ansheng Petrochemical Equipment Co., Ltd. (the "Target Company") and the shareholders of the target company (hereinafter referred to as the "Target Company ") Sign a share swap agreement. Collectively referred to as "sellers") today. According to the share swap agreement, the company will acquire 66% of the issued shares of Target. This company develops and manufactures insulated explosion-proof skid-mounted refueling equipment, LNG cryogenic equipment, and SF double-layer companies. Oil storage tanks and sell such products in China.

According to the share swap agreement, the company will issue 4,800,000 common shares to the seller in exchange for the transfer of 66% of Target's equity. Transactions are subject to the usual closing conditions for such transactions.

Source: Planet Green Holdings Corp. ( original url )

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