M&A
confidence high
sentiment neutral
materiality 0.60
Planet Green Holdings acquires remaining 25% of Jilin Chuangyuan Chemical for $4.75M
Planet Green Holdings Corp.
- Purchased remaining 25% equity interest in Jilin Chuangyuan Chemical Co., Ltd. from Yongsheng Chen for $4.75 million.
- Transaction completed on November 30, 2021; now owns 100% of Jilin through subsidiary Jiayi Technologies (Xianning).
- Also entered into amended VIE agreements (consultation, business cooperation, equity pledge, equity option, voting rights proxy) with Jilin.
- Jilin researches, develops and manufactures formaldehyde, urea formaldehyde adhesive, methylal and clean fuel products in China.