M&A
confidence high
sentiment neutral
materiality 0.50
Planet Green acquires 10% stake in Xianning Xiangtian for RMB 27.7M
Planet Green Holdings Corp.
- Acquired 10% equity in Xianning Xiangtian Energy Holdings for RMB 27,675,000.
- Transaction closed on August 9, 2022; target holds LNG production facilities.
- Amended VIE agreements (exhibits 10.2-10.6) to reflect the additional interest.
- Purchase made through wholly owned Chinese subsidiary Hubei Bulaisi Technology.