M&A
confidence high
sentiment negative
materiality 0.60
Planet Green closes acquisition of Anhui Ansheng; acquired co. has going concern doubt
Planet Green Holdings Corp.
- Acquired Anhui Ansheng Petrochemical Equipment effective July 15, 2021.
- Ansheng had net loss of $8,437 for Q1 2021 and accumulated deficit of $2.2M.
- Auditor report notes substantial doubt about Ansheng's ability to continue as going concern.
- Ansheng's total assets $13.0M, liabilities $12.2M, equity $0.79M as of March 31, 2021.