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Tuesday, February 7, 2023

Planet Green (AMEX: PLAG) Ink Share Exchange Agreement with Allinyson

Planet Green Holdings Corp. (AMEX: PLAG) has inked a Share Exchange Agreement with Allinyson Ltd. (Allinyson) and each shareholder of Allinyson (collectively Allinyson Sellers). The Company will buy 100% of Allinyson’s issued and outstanding equity interests under the Share Exchange Agreement. Allinyson is a Colorado-based corporation with offices in Hong Kong and China.

It creates and maintains online games, with a large portion of its revenue coming from ad spots sold through big advertising platforms like Meta Platforms and Fyber. Planet Green Holdings will issue 7,500,000 shares of its common stock to the Allinyson Sellers in exchange for the transfer of 100 percent of their equity interests in Allinyson under the Share Exchange Agreement. The transaction is dependent on the usual closing conditions for this type of transaction.

Previously, the Company signed a Share Exchange Agreement with Shandong Yunchu Supply Chain Co., Ltd., and each of the Target’s shareholders (collectively Sellers). The Firm will buy 100 percent of the outstanding equity interests of Target, a company that imports and distributes beef products in China, under the Share Exchange Agreement.

According to the Share Exchange Agreement, the company will issue the Sellers 5,900,000 shares of common stock in exchange for the transfer of 100 percent of Target’s equity stake. The transaction is subject to the usual closing conditions for this type of transaction.

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