By Chris Wack
Planet Green Holdings Corp. said Friday it would buy 100% interest in Allinyson Ltd.
Under the deal, Planet Green would buy the issued and outstanding equity interests of Allinyson, a company incorporated in Colorado and with subsidiaries in Hong Kong and China.
Allinyson develops and operates online games, and generates substantially its revenue from selling advertising placements through major advertising platforms such as Meta Platforms Inc. and Fyber.
Planet Green Holdings expects to issue 7.5 million common shares to Allinyson shareholders in exchange for the transfer of the shareholders’ equity interests of Allinyson.
Planet Green shares were up 26%, to $1.08, in premarket trading.
Write to Chris Wack at [email protected]
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