SHANGHAI, Oct. 17, 2018 /PRNewswire/-- Planet Green
Holdings Corp. (the "Company") (NYSE American: PLAG) announced
today that on October 16, 2018 the
Company closed the private placement transaction (the
"Transaction"), pursuant to the agreement entered into on
August 8, 2018 with Yimin Jin, the Company's chief strategy officer
and director, and Hongxiang Yu, the
Company's chairman. At the closing, the Company received gross
proceeds of $10,000,000 in the
aggregate, in exchange for the issuance of an aggregate of
2,352,942 shares of the Company's common stock, representing a
purchase price of approximately $4.25
per share. The Transaction had been approved at the Company's 2018
annual meetings of stockholders held on September 26, 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.