NEW YORK, April 8, 2022 /PRNewswire/-- Planet Green
Holdings Corp. ("Planet Green Holdings" or the "Company") (NYSE
American: PLAG) announced today that on April 8, 2022, the Company has entered into a
Share Exchange Agreement with Allinyson Ltd. ("Allinyson") and each
shareholder of Allinyson (collectively "Allinyson Sellers").
Pursuant to the Share Exchange Agreement, the Company will acquire
100% of issued and outstanding equity interests of Allinyson.
Allinyson is a company incorporated in the State of Colorado and owns subsidiaries in
Hong Kong and China. It develops and operates online games,
and generates substantially its revenue from selling advertising
placements through major advertising platforms such as Meta
Platforms and Fyber.
Pursuant to the Share Exchange Agreement, Planet Green Holdings
will issue 7,500,000 shares of its common stock to the Allinyson
Sellers in exchange for the transfer of 100% of their equity
interests of Allinyson. 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
|
View original
content:https://www.prnewswire.com/news-releases/planet-green-holdings-corp-enters-into-share-exchange-agreement-301520828.html
SOURCE Planet Green Holdings Corp.