secwatch.observer — SEC 8-K summary
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Issuer:     Planet Green Holdings Corp. (PLAG)
CIK:        0001117057
Form:       8-K
Filed at:   2022-12-16T23:59:59+00:00
Accession:  0001213900-22-080502
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Planet Green deconsolidates Ansheng; receives RMB 6M VIE termination fee
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- Terminated VIE agreements with Anhui Ansheng Petrochemical Equipment Co., Ltd. effective December 16, 2022.
- Shareholder Xiaodong Cai pays RMB 6,000,000 (~$850,000) termination consideration to subsidiary Jiayi.
- Planet Green will no longer consolidate Ansheng's financial statements.
- VIE agreements originally entered on February 11, 2022; shareholder owned 86.58% of Ansheng.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1117057/000121390022080502/0001213900-22-080502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1117057/000121390022080502/ea170314-8k_planetgreen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-080502

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