Current Report Filing (8-k)
09 Août 2022 - 10:32PM
Edgar (US Regulatory)
0001117057
false
0001117057
2022-08-08
2022-08-08
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 8, 2022
PLANET GREEN HOLDINGS CORP. |
(Exact name of registrant as specified in its charter) |
Nevada |
|
001-34449 |
|
87-0430320 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
36-10 Union St. 2nd Floor
Flushing, NY |
|
11354 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (718) 799-0380
Not Applicable |
(Former name or former address, if changed since last report) |
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
| ☐ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant
to Section 12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Common Stock, par value $0.001 per share |
|
PLAG |
|
NYSE American |
Indicate by check mark whether
the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry Into A Material Definitive Agreement.
On August 8, 2022, Planet
Green Holdings Corp. (the “Company”) entered into a Share Purchase Agreement (the “Share Purchase Agreement”)
with Xianning Xiangtian Energy Holdings Group Co., Ltd. (“Target”), and the shareholder of the Target (the “Seller”),
pursuant to which, among other things and subject to the terms and conditions contained therein, the Company agreed to make a purchase
of 10% equity ownership of the Target from the Seller and the Company shall pay to the Seller an aggregate of RMB 27,675,000 as consideration.
The Target is a company that holds LNG production facilities through its subsidiary, and owns other assets. On August 9, 2022, the Parties
completed the transaction.
In connection with the closing
of the share purchase transaction, the Subsidiary amended its existing VIE agreements to reflect its acquisition of the additional 10%
equity interest, copies of which are filed herewith as Exhibits 10.2 through 10.6, respectively.
Item 2.01 Completion of Acquisition or Disposition of Assets.
The information set forth
in Item 1.01 above relating to the closing of the share purchase transaction is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto
duly authorized.
Dated: August 9, 2022 |
PLANET GREEN HOLDINGS CORP. |
|
|
|
By: |
/s/ Bin Zhou |
|
Name: |
Bin Zhou |
|
Title: |
Chief Executive Officer and Chairman |
2
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