On June 27, 2023, Planet Green Holdings Entered Into A Securities Purchase Agreement With Bochuang New Energy Co.; Agreed To Effect Securities Purchase From The Co Of 40% Of The Outstanding Equity Interest Of Xianning Xiangtian Energy Holding For RMB20M

Author: Happy Mohamed | June 27, 2023 04:36pm

On June 27, 2023, Planet Green Holdings Corp. (the "Company") entered into a Securities Purchase Agreement with Bochuang (Hubei) New Energy Co., Ltd., a limited liability company registered in the People's Republic of China (the "Purchaser"), pursuant to which, among other things and subject to the terms and conditions contained therein, the Purchaser agreed to effect securities purchase from the Company of 40% of the outstanding equity interests of Xianning Xiangtian Energy Holding Group Co., Ltd. ("Xianning Xiangtian"), and the Purchaser shall pay to the Company an aggregate of RMB 20,000,000 in exchange for 40% of the issued and outstanding shares of Xianning Xiangtian. Before the closing of this securities purchase transaction, the Company owns 40% equity interest of the Xianning Xiangtian. On June 27, 2023, the Company closed the securities purchase transaction.

Posted In: PLAG