SHANGHAI, Nov. 2, 2018 /PRNewswire/--Planet Green Holdings
Corp. (NYSE American: PLAG) (the "Company" or "Planet Green")
announced today that, as previously announced, the Company has
regained compliance with the NYSE American LLC (the "Exchange")
continued listing standards with respect to the Company's stock
price. However, the Company has not yet regained compliance with
Section 1003(a)(i) and 1003(a)(ii) with respect to the Company's
stockholders' equity. NYSE American Rules require an issuer to
demonstrate compliance for a period of two consecutive quarters
prior to being deemed in compliance with such standard.
As previously announced, Planet Green has taken numerous steps
toward regaining compliance with the such stockholders' equity
standard, including closing a private placement transaction for
$10 million, the sale of equity
interests in certain subsidiaries by the Company to Mr. Chen, the
Company's former Chairman and CEO, and completion of the
acquisition of Muren Agriculture Co. Ltd. The impact of these
transactions is expected to be reflected in the Company's annual
report for the year ending December 31,
2018.
For more information, please contact:
Mr. Mingze Yin
Director of Investor Relations
Phone:+86-21-3258 3578
Email: Mingze.yin@planetgreenholdings.com
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SOURCE Planet Green Holdings Corp.