M&A
confidence high
sentiment neutral
materiality 0.70
ESG Inc. (ESGH): M&A transaction — ESG Inc. completes split-off of China subsidiary, cancels 10.4M shares
ESG Inc.
- Transferred 100% of ESG China Limited in exchange for surrender and cancellation of 10,432,800 common shares.
- Post-cancellation shares outstanding reduced to 15,475,468.
- ESG China Limited and its China operations are no longer consolidated subsidiaries.
- Company will continue North America operating business through ESG Provisions, Inc.