M&A
confidence high
sentiment neutral
materiality 0.40
Planet Green acquires remaining 15% of Jingshan Sanhe Luckysky for $3M, now 100% owner
Planet Green Holdings Corp.
- Acquired 15% equity interest in Jingshan Sanhe Luckysky (ethanol fuels and additives) from shareholder Xue Wang.
- Purchase price of $3,000,000 paid via wire transfer; transaction closed on September 14, 2022.
- Before deal, Planet Green owned 85% through subsidiary Hubei Bulaisi; now holds 100% of Jingshan.
- Jingshan researches, develops and manufactures ethanol fuel and fuel additive products in China.