M&A
confidence high
sentiment positive
materiality 0.75
Planet Green Holdings acquires Shandong Yunchu Supply Chain; reports $27.4M revenue for 9mo 2021
Planet Green Holdings Corp.
- Acquisition of Shandong Yunchu Supply Chain completed December 20, 2021.
- Yunchu's unaudited net revenue for nine months ended Sept 30, 2021: $27.4M, net income $885K.
- Yunchu total assets $5.84M as of Sept 30, 2021, up from $1.72M at Dec 31, 2020.
- Yunchu's Q3 2021 net revenue $12.6M, but net loss of $83K for the quarter.
- Pro forma financial statements filed reflecting combined ownership as of Sept 30, 2021.