SHANGHAI, May 14, 2019 /PRNewswire/-- Planet Green Holdings
Corp. (the "Company") (NYSE American: PLAG) announced today that on
May 14, 2019 the Company closed the
acquisition of Xianning Bozhuang Tea Products Co., Ltd., a company
that produces tea products and sells such products in China ("Target").
At the closing, the Company issued an aggregate of 1,080,000
shares of common stock of the Company to the original shareholders
of Target in exchange for the transfer of all of the equity
interests of the Target to the Company's wholly-owned subsidiary,
Shanghai Xunyang Internet Technology Co., Ltd.
On May 14, 2019, Yimin Jin resigned as the Company's director and
Chief Strategy Officer and the board of directors of the Company
appointed Bin Zhou, chairman of the Target, to serve as a member of
the board, effective as of the closing.
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.