SHANGHAI, June 19, 2019 /PRNewswire/ -- Planet Green
Holdings Corp. (the "Company") (NYSE American: PLAG) announced
today that the Company has entered into a Share Purchase Agreement
with five investors (the "Transaction") and has closed the
Transaction. Pursuant to the agreement, the Company has received
gross proceeds of $5,460,000 in the
aggregate, in exchange for the issuance of an aggregate of
1,300,000 shares of the Company's common stock, representing a
purchase price of approximately $4.20
per share.
In addition, the Company has appointed Daqi Cui as the Company's new Chief Operating
Officer. Mr. Cui previously served in various corporate and legal
roles over the past twenty years, most recently as the Chief
Executive Officer of Bezalel International LLC, a consulting firm
based in the United States.
Forward Looking Statements
This news release contains "forward-looking statements" within
the meaning of the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that indicate future
events or trends or are not statements of historical matters. These
statements are based on our management's current expectations and
beliefs, as well as a number of assumptions concerning future
events.
Such forward-looking statements are subject to known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside of our control and all of which could cause
actual results to differ materially from the results discussed in
the forward-looking statements. Accordingly, forward-looking
statements should not be relied upon as representing our views as
of any subsequent date, and we do not undertake any obligation to
update forward-looking statements to reflect events or
circumstances after the date they were made, whether as a result of
new information, future events or otherwise, except as may be
required under applicable securities laws. Factors that could cause
actual results to differ materially from those expressed or implied
in forward-looking statements can be found in our reports filed
with the Securities and Exchange Commission, which are available,
free of charge, on the SEC's website at www.sec.gov.
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.