NEW YORK, March 9, 2021 /PRNewswire/-- Planet Green
Holdings Corp. (the "Company") (NYSE American: PLAG) announced
today that on March 9, 2021, the
Company has entered into a Share Exchange Agreement with Jilin
Chuangyuan Chemical Co., Ltd. ("Target") and each shareholder of
the Target (collectively "Sellers"). Pursuant to the Share Exchange
Agreement, the Company will acquire 75% of outstanding equity
interests of the Target, a company that researches, develops and
manufactures formaldehyde, urea formaldehyde adhesive, methylal and
clean fuel products and sells such products in China.
Pursuant to the Share Exchange Agreement, the company will issue
3,300,000 shares of common stock of the Company to the Sellers in
exchange for the transfer of 75% of the equity interest of the
Target. The transaction is subject to closing conditions that are
customary for transactions of this type.
Forward Looking Statements
This news release contains "forward-looking statements" within
the meaning of the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that indicate future
events or trends or are not statements of historical matters. These
statements are based on our management's current expectations and
beliefs, as well as a number of assumptions concerning future
events.
Such forward-looking statements are subject to known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside of our control and all of which could cause
actual results to differ materially from the results discussed in
the forward-looking statements. Accordingly, forward-looking
statements should not be relied upon as representing our views as
of any subsequent date, and we do not undertake any obligation to
update forward-looking statements to reflect events or
circumstances after the date they were made, whether as a result of
new information, future events or otherwise, except as may be
required under applicable securities laws. Factors that could cause
actual results to differ materially from those expressed or implied
in forward-looking statements can be found in our reports filed
with the Securities and Exchange Commission, which are available,
free of charge, on the SEC's website at www.sec.gov.
For more
information please contact:
|
Ms. Lili
Hu
Chief Financial
Officer
Phone: 718 799
0380
Email: hulili@planetgreenholdings.com
|
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SOURCE Planet Green Holdings Corp.