Here is why Planet Green Holdings Corp. (PLAG) stock went up in the after-hours on Thursday?

0
298
PLAG Stock
PLAG Stock

Planet Green Holdings Corp. (PLAG) shares rose 6.07% in after-hours on Thursday, January 13, 2022, and closed the daily trading at $0.75. However, in the regular trading session, PLAG’s stock lost 10.28%. PLAG shares have fallen 71.83% over the last 12 months, and they have moved down 29.29% in the past week. Over the past three months, the stock has lost 46.43%, while over the past six months, it has declined 51.90%.

Let’s see what are the latest news about the company?


China Can't Stop US$0.25 Stock from Mining Ultra-Rare Metal

Here's one little-known company — trading undiscovered below 25-cents per share — that's advancing one of the largest and highest quality REE deposits in all of North America... and the Chinese can't do a damn thing about it! It's early stage... and that's excellent news for individual investors like you who have the foresight to act decisively on an emerging megatrend that's already being measured in the Tens of $Billions.

Simply click here and the name & trading symbol are yours.

Sponsored


>> 7 Top Picks for the Post-Pandemic Economy << 

PLAG Share purchase agreement

On January 13, 2022, Planet Green Holdings Corp. (PLAG) entered into a Share Purchase Agreement with three investors. According to the agreement, the Company will receive gross proceeds of $7,000,000 in the aggregate, in exchange for the issuance of an aggregate of 7,000,000 shares of the Company’s common stock, representing a purchase price of approximately $1.00 per share.

Read More

PLAG acquired Shandong Yunchu

On December 9, 2021, Planet Green Holdings Corp. (PLAG) entered into a Share Exchange Agreement with Shandong Yunchu Supply Chain Co., Ltd. and each shareholder of the company. According to the Share Exchange Agreement, the Company will acquire 100% of outstanding equity interests of the Shandong Yunchu, by issuing 5,900,000 shares of common stock of the Company.

PLAG share exchange agreement

On July 15, 2021, Planet Green Holdings Corp. (PLAG) entered into a Share Exchange Agreement with Anhui Ansheng Petrochemical Equipment Co., Ltd. and each shareholder of the company. According to the Share Exchange Agreement, the Company will acquire 66% of the outstanding equity interests of the Anhui Ansheng.

Anhui Ansheng Petrochemical Equipment Co., Ltd is a company that researches, develops, and manufactures insulation type explosion-proof skid-mounted refueling equipment, LNG cryogenic equipment, and SF double-deck oil storage tank and sells such products in China.

>> 7 Top Picks for the Post-Pandemic Economy << 

Conclusion

The recent share purchase agreement was the reason behind its turnaround in the after-hours on Thursday. we hope that it will continue its positive performance on Friday as well.

LEAVE A REPLY

Please enter your comment!
Please enter your name here