M&A
confidence high
sentiment neutral
materiality 0.75
Planet Green acquires additional 20.58% of Ansheng for $5.25M, now holds 86.58%
Planet Green Holdings Corp.
- Purchased 20.58% equity of Anhui Ansheng Petrochemical Equipment from shareholder Xiaodong Cai for $5.25 million cash.
- Before closing, Planet Green owned 66% through Chinese subsidiary Jiayi Technologies; post-closing ownership is 86.58%.
- Amended VIE agreements (consulting, business cooperation, equity pledge, option, voting proxy) filed to maintain control over Ansheng.
- Ansheng manufactures skid-mounted refueling, LNG cryogenic equipment, and oil storage tanks for the Chinese market.